Everest Insurance allots its 105% right shares; Remaining 1.97 lakh units to be sold via auction
Fri, Jan 25, 2019 7:50 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Everest Insurance Company Limited (EIC) has allotted its 105% right shares. The insurance company had floated 14,03,325 unit shares to the shareholders out of which 12,05,608 units got allotted to the shareholders.
Remaining 1,97,717 unit shares will be sold via auction in the near future.
Siddhartha Capital Limited had been appointed as the issue manager for the right issuance.
The current paid-up capital of the company stands at Rs 13.36 crore which will rise to Rs 27.39 crore after adjustment of 105% right shares. The company is also set to issue 300% right shares after which the paid-up capital of the insurance company will reach Rs 1.09 arba.
