Last Day to Apply for 10: 4 Rights Offering of IME General Insurance

IME General Insurance Limited is closing its 10: 4 ratio rights offering today. The issue opened on Falgun 22 and will close today, i.e. on Chaitra 13, 2078 at the end of banking hours.

46,30,344 units will be issued to eligible shareholders at a par value of Rs. 100 per share. Falgun 01 was the book closure. Thus, shareholders maintained before that day can apply for the rights offering.

The 10: 4 ratio indicates that shareholders who own 10 shares of the company can apply for 4 shares in the rights offering (and so on). This rights offering will raise over Rs. 46.30 crores for the company.

Global IME Capital has been appointed the issue manager. The current paid-up capital of IGI stands Rs 115.75 crore, which after the issuance of the right shares will increase to Rs 162 crore.

Offer Letter