Shikhar Insurance starts distributing right and bonus share certificates

ShareSansar, July 6:

Shikhar Insurance Company Limited has begun distributing certificates for its 2:1 right shares as well as 20 percent bonus shares.

The company had approved the right shares during its Annual General Meeting for the fiscal year 2068/69, and its AGM for the last fiscal year in June had endorse 20 percent bonus shares.

The company had issued the right shares at the face value of Rs 100 from April 13 to May 18.

It may be noted that Shikhar Insurance had announced book closure both the right issue and bonus shares on April 2 and June 6 respectively.

Only those who already hold the right and/or bonus shares of the company up to April 1 will be entitled to the right shares, according to a notice issued by Shikhar Insurnace today.

The share certificates can be collected from the office of NIBL Capital Markets Limited at Lazimpat, which is its issue manager.