Last day to apply 30% Right shares of Prudential Insurance; LTP at Rs 770

Prudential Insurance Company Limited (PICL) is closing 1:0.30 (30%) right share to its shareholders today (Magh 21, 2074). The rights issue was open for 35 days from Poush 16, 2074. The book closure date for the rights issue was set on Mangsir 15, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Mangsir 14, 2074 are eligible to apply for the right shares. PICL has been issuing 12,83,040 units right shares at a par value of Rs 100 per unit of worth Rs 12.83 crore. NIC Asia Capital Limited is the issue manager for this right issue. PICL’s current paid up capital remains at Rs 42.76 crore. After issuance of this 30% right share, its paid up capital will reach Rs 55.59 crore. It has authorized capital of Rs 1 arba Interested applicants can collect application forms from NIC Asia Capital Limited, Babarmahal, Kathmandu and from designated branches of NIC Asia Bank and Prudential Insurance. PICL had earned Rs 2.52 crore in the first quarter of the fiscal year 2074/75.