Lumbini General Insurance to convene SGM today; meeting to endorse the agenda to issue 20% right shares
Wed, May 8, 2019 6:51 AM on AGM/Special AGM, Dividend, Bonus & Rights, Latest, Stock Market,
Lumbini General Insurance Company (LGIL) is convening its Special General Meeting (SGM) on today (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 was on Baisakh 15, 2076. The company is yet to call its AGM of FY 2074/75.
The trading price of LGIL is Rs 522 traded on May 7.
