Lumbini General Insurance SGM on Baisakh 25; to endorse agenda of 20% right share; paid up capital to reach Rs 105.6 crore

Lumbini General Insurance Company (LGIL) will be convening its Special General Meeting (SGM) on Baisakh 25, 2076 to endorse the agendas to issue  10:2 (20%) right share to its shareholders.

The meeting will also endorse the agenda to increase authorized, issued and paid up capital of the company.

The existing capital of Lumbini General Insurance is Rs 88 crore and after the issuance of 20% right share capital will increased to Rs 105.6 crore.

The book closure for special general meeting is on Baisakh 15, 2076. The last trading price of LGIL is Rs 515. The company is yet to call its AGM of FY 2074/75.