Prudential Insurance issuing 20% right shares from today; paid up capital to be Rs 32.40 crores
Wed, Jul 22, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar July 22:
Prudential Insurance Company Limited (PICL) is issuing Right Shares from today (Sharwan 6, 2072). Company has offered right shares of face value Rs 100 at the ratio of 5:1 (20%) for its existing shareholders.
The company’s 12th Annual General Meeting held last year had endorsed the company's BoD's decision to issue 5,40,000 units of right shares worth Rs 5.40 crore .
The closing date for the right issue has been set for Bhadra 8. 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.
ICRA Nepal has assigned “[ICRANP] IPO Grade 3”, indicating average fundamentals to the proposed rights issue of Prudential Insurance Company Limited (PICL) amounting Rs 5.40 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.
The last traded price of the company stood Rs 362 on July 5.
