Last day to clinch 46% right shares of Prabhu Insurance; Paid-up capital to reach Rs 1 arba after adjustment of right shares
Thu, Jul 26, 2018 1:32 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Today is the last day to clinch 46% right shares of Prabhu Insurance Limited (PRIN).
PRIN has been issuing 1:0.46 right shares to its existing shareholders from Ashadh 8, 2075. The rights issue will close on Shrawan 10, 2075 i.e. today. Prabhu Insurance is issuing a total of 31,66,677.63 unit right shares at the face value of Rs 100.
The book closure for the right issue was set for Jestha 14, 2075. Only those shareholders with shares traded before the book closure are eligible to apply for the right shares.
Prabhu Capital Limited is the issue manager for the right issue. After the adjustment of the rights shares, the insurance company’s total paid-up capital will reach Rs 1 arba from the existing Rs 68.84 crore. The company has authorized capital of Rs 1 arba.
Interested shareholders can collect the application forms from Prabhu Capital, Durbarmarg, Kathmandu, and all ASBA-approved members banks and financial institutions.
PRIN reported net profit of Rs 13.08 crore for the third quarter of ongoing FY 2074/75, with paid-up capital stands of Rs 68.84 crore after the adjustment of 19.20% bonus from the net profit of FY 2073/74.
Its LTP stands at Rs 509.
