Everest Insurance Company (EIC)'s 300% right shares have been approved by SEBON.
The insurance company will be issuing 82,19,475 unit shares for its shareholders.
Siddhartha Capital Limited has been appointed as the issue manager for the right issuance.
The company had recently issued 105% right shares, which has been listed in NEPSE. After that adjustment the paid-up capital had reached Rs 27.39 crore. Then, after the adjustment of 300% right shares proposed now the capital will reach Rs 1.09 arba.