Prudential Insurance to issue 30% (12.83 lakh units) right shares from Poush 16; Offer ends on Magh 21

Prudential Insurance Company Limited (PICL) will be issuing 1:0.30 (30%) right share to its shareholders from Poush 16, 2074. As per notice published by the insurance company today, the rights issue will remain open for 35 days before closing on Magh 21, 2074. The book closure date for the rights issue was set on Mangsir 15, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Mangsir 14, 2074 are eligible to apply for the right shares. PICL will be issuing 12,83,040 units right shares at a par value of Rs 100 per unit. NIC Asia Capital Limited is the issue manager for this right issue. PICL’s current paid up capital remains at Rs 42.76 crore. After issuance of this 30% right share, its paid up capital will reach Rs 55.59 crore. It has authorized capital of Rs 1 arba Interested applicants can collect application forms from NIC Asia Capital Limited, Babarmahal, Kathmandu and from designated branches of NIC Asia Bank and Prudential Insurance. PICL had earned Rs 10.15 crore in the third quarter of the fiscal year 2073/74.