Last day to clinch Prudential Insurance’s 20% right shares
Tue, Aug 25, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, August 25:
Prudential Insurance Company Limited (PICL) is closing its 5:1 (20%) ratio rights shares for the shareholders from today (Bhadra 8). 
The right shares are being floated since Shrawan 6 after the company’s 12th Annual General Meeting endorsed 5, 40,000 units of right shares worth Rs 5.40 crore.
The company had offered right shares of face value Rs 100 at the ratio of 5:1 for its existing shareholders.
Global IME Capital Limited is the issue manager of this issue.
The company has a paid up capital of Rs 27 crore and after adjusting right shares the paid up capital will rise to Rs 32.40 crore.
Prudential Insurance had a net profit of Rs 3.43 crore in third quarter of last fiscal year. Its net worth per share stood at Rs 154 and earnings per share at Rs 22.
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