Last day to clinch United Insurance 1:1.5 rights issue

ShareSansar June 15:

Today is the last day to get hold for 1:1.5 right shares of United Insurance Company (Nepal) Limited.

The application for the right shares has been open since Baishakh 13 and today is the closing day of the right share.

The insurance had decided to issue a total of 15, 12,000 unit right shares at the face value of Rs 100.

Only shareholders who had bought the shares and transferred them to their names before the book closure date on Chait 15 would be eligible to apply for the right shares.

Interested existing shareholders can apply for the shares at the office of the insurance company’s Share Registrar Global IME Market Limited, Trade Tower, 4th floor, which is located at Thapathali, Kathmandu and also from the United Insurance Company (Nepal) Limited and all its branches.

The company has a paid up capital of Rs 10.08 crore and after distributing right share it will rise to Rs 25.20 crore.