Right Alert! IME General Insurance 80% right issue to close today; capital to reach Rs 97.20 crore
Mon, Feb 4, 2019 9:29 AM on Dividend, Bonus & Rights, Latest, Stock Market,
IME General Insurance Limited (IGI) will be closing its 80% right shares from Magh 21, 2075 i.e today. The insurance company has been issuing 43,20,000 units right shares for its shareholders which will be closed today after the banking hour.
The shareholders holding the share of the company till Mangsir 08 are eligible to apply for the right shares.
Global IME Capital Limited has been appointed as the issue manager for the right issuance. Applications can be placed through banks providing C-ASBA services or through Meroshare.
ICRA Nepal had assigned Grade4 rating to the right shares of IME General Insurance indicating below average fundamentals.
The shares with par value of Rs 100 will increase the capital by Rs 43.20 crore. After the adjustment of the right shares will increase the capital to Rs 97.20 crore.
Its current market price is Rs 438.
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