United Insurance Company to issue 240% right shares; SGM decides to jack up paid up to Rs 1.02 arba
Fri, Mar 1, 2019 1:14 PM on AGM/Special AGM, Dividend, Bonus & Rights, Latest,
United Insurance has convened its SGM on Falgun 16, 2075 in Kathmandu and has endorsed the special proposal that was put forward by the 323rd board meet.
The SGM has endorsed the decision to issue right shares in the ratio of 100:240 in its existing paid up value of Rs 30.24 crore. Following the issuance, the paid up capital of the non-life insurance will shoot up to Rs 1.02 arba. The insurance company has also decided to endorse its memorandum taking into consideration the latest decision of SGM.
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