Only 2 trading days left to clinch 20% Right Share of Prudential Insurance
Mon, Aug 24, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, August 24:
Prudential Insurance Company Limited (PICL) is closing its 5:1 (20%) ratio rights shares for its shareholders from Bhadra 8. Only 2 days left to apply for the right share.
The company had offered right shares of face value Rs 100 at the ratio of 5:1 (20%) for its existing shareholders. Prudential Insurance Company 12thAGM had endorsed 5, 40,000 units of right shares worth Rs 5.40 crore.
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.
