Lumbini General Insurance allots 20% right shares; 99,726 units to be offered in auction

Lumbini General Insurance (LGIL) had issued 20% right shares to its shareholders. The company had floated a total of 17.60 lakh units at a par of Rs 100 per unit from Kartik 24, 2076 to Magh 29, 2076.

The company has allotted the valid applicants on Poush 25, 2076. According to the notice published a total of 7,352 applications were received for a total of 16 lakh 60 thousand 274 units.

The unsubscribed 99,726 units shares will be auctioned for the general public.

CBIL Capital is the issue manager.

LGIL's current capital stands at Rs 88 crores. After the adjustment of the rights issue, it will reach Rs 1.05 arba.