Everest Ins. issuing 1:1.5 ratio Right; authorized capital to be raised to Rs 40 crore

ShareSansar, November 23:

Everest Insurance Company Limited (EIC) is going to hold its special General Meeting on Mangsir 23,2071 which will endorse the decision to issue right share to its existing shareholders.

Everest Insurance Company Limited has proposed to issue 1:1.5 right shares to its existing shareholders.

The bank has also announced the book closure for the same from Mangsir 9.

Only those shareholders who own the shares of the insurance company till Mangsir 8 will be entitled to seat at the special general meeting.

The company is also raising its authorized capital to Rs 40 crore from Rs 15 crore and issued capital to Rs 30 crore from the existing Rs 10.50 crore.