The interested existing shareholders can apply for the shares from December 31 to February 4. Prudential Insurance closed its book on December 1, thus, the shareholders registered in the book by November 30 are eligible to apply for the right shares.
The company has appointed NIC Capital as its issue manager. The interested shareholders can apply for the shares from all ASBA registered BFIs as well as issue manager's head office at Babarmahal and all the branches of the insurance company.
Currently, Prudential Insurance has a paid-up capital of Rs 427.6 million. After the right issue, the company will have paid-up capital of Rs 555.9 million.
The AGM of the company held on November 17 endorsed a proposal of distributing 20 percent bonus share. After the capitalization of the bonus share, the paid-up capital will reach Rs 641.5 million.
Prudential Insurance earned a net profit of Rs 25.2 million in the first quarter of the current FY. It has maintained EPS of Rs 23.60.
