UIC 1:15 right shares to open from Baishakh 13; shareholders before Chaitra 15 book closure can apply

ShareSansar, April 8:

United Insurance Company (Nepal) Limited is issuing its 1:1.5 ratio right share to its shareholders from 13th Baishak.

The bank will issue a total of 15, 12,000 unit right shares at the face value of Rs 100. The last date for filing applications for the rights issue has been set for Jestha 17, 2072.

United Insurance Company (Nepal) Limited is issuing 1: 1.5 right share to its shareholders from Baisakh 13.

Only shareholders who have bought the shares and transferred them to their name before the book closure date on Chait 15 would be eligible to apply for the right shares. 

Interested existing shareholders can apply for the shares at the office of the bank’s Share Registrar, Trade Tower, 4th floor, which is located at Thapathali, Kathmandu 

The company paid up capital remains at Rs 10.08 crore and after distributing right share its paid up capital will rise up to Rs 25.20 crore.

United Insurance had posted net profit of Rs.14.46 million in its 2nd quarter company analysis of the fiscal year 2071/72.