Premier Insurance issuing 13,48,951 kitta right shares at 1:1.15 ratio
Thu, Mar 19, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, March 19:
Premier Insurance Company ( Nepal) Limited is issuing its 1:1.15 ratio right shares for its shareholders from Chaitra 16, 2071. The issue will close on Baisakh 20, 2072.
The issue will be managed by Laxmi Capital.
PIC had decided on 115% right shares issue numbering 1,348,951 kittas of face value NRs 100/- each to be issued to its existing shareholders.
The company’s offer of 1:1.15 ratio right shares was endorsed by its special AGM held on Baishakh 7, 2071 to shore up the paid-up capital accordingly.
The company is planning to raise its authorized capital to Rs 75 crore. Likewise, the paid up capital of the company will increase from the existing Rs 11.73 crore to Rs. 25.21 crore after this right shares issue.
