Himalayan General Insurance auctioning 71,530 units unclaimed right shares at Rs 100 and above; LTP at Rs 738

Himalayan General Insurance Company Limited (HGI) had floated 166.67% (64,20,000 unit) right shares to its shareholders from Asadh 28, 2074 till Bhadra 9, 2074. The insurance company has published notice of allotment of right shares today. It has allotted only 63,48,470 units  right shares as per right share allotment notice and remaining 71,530 units (1.11%) was unclaimed by the shareholders. Now, the unclaimed 71,530 units right shares will be sold through auction. Its current paid up capital remains at Rs 38.52 crore. After issuance of this 166.67% right share, its paid up capital will reach Rs 1.02 arba. HGI has earned net profit of Rs 13.19 crore in the fourth quarter of FY 2073/74. Its last traded price (LTP) stood at Rs 738 as of September 18, 2017.