Final Call! United Insurance closing ongoing 240% right share issue; eligible shareholders are requested to apply before banking hour today

Thu, Oct 10, 2019 10:45 AM on Dividend, Bonus & Rights, Latest, Stock Market,

United Insurance Company (Nepal) Limited (UIC) is closing its ongoing right issue of 72,57,600 units shares to its existing shareholders from today (Ashoj 23, 2076). This right issue was opened since Bhadra 3, 2076. All the eligible shareholders are requested to apply before banking hour today.

The book closure date for right share purpose was on Shrawan 14, 2076. Investors holding shares of the company till Shrawan 13 are eligible for right shares.

The insurance company is  issuing right shares in the ratio of 1:2.4 or 240% at par value. The company will be issuing 72,57,600 units as right shares to raise a capital worth Rs 72.57 crore.

NMB Capital Limited has been appointed as the issue manager for the right issue.

The existing paid up capital of company is Rs 30.24 crore and after the 240% right shares issue the paid up capital will rises to Rs 102.81 crore.

Care Nepal has assigned grading of ‘CARE-NP IPO Grade 4 [IPO Grade Four]’ to the proposed Rights Share Issue of United Insurance Company (Nepal) Limited (UIC). 

Click here for Extension Notice: