IME General Insurance to close its shareholders register book on Mangsir 09; Paid-up capital to reach Rs 97.20 crore after 80% right shares

IME General Insurance Limited (IGI) will be closing its shareholders register book on Mangsir 09, 2075 for the purpose of it 80% right shares.

As per the notice published in NEPSE, the shareholders holding the shares of the insurance company till Mangsir 08, 2075 will be eligible to apply for 10:8 right shares of the company.

Global IME Capital has been appointed as the issue manager for the right issue.

The current paid up capital of the company is Rs 54 crore. After the adjustment of 10:8 right shares, the paid-up capital of the insurance company will reach Rs 97.20 crore. IGI will have to further increase its capital by Rs 2.80 crore to meet the minimum requirement of Rs 1 arba.