IME General Insurance is issuing 80 percent right shares as per the decision of its 20th AGM held on September 26, 2017. The company is closing its book on November 25 for the right issue, thus, the shareholders registered in its book till November 22 are eligible to apply for the right issue.
The company has appointed Global IME Capital as its issue manager.
Moreover, the company has urged its fundamental promoter shareholders (shareholders who hold more than one percent shares of its paid-up capital) to file call in advance of the upcoming 80 percent right issue by December 9.
Presently, the company has a paid-up capital of Rs 540 million which will reach Rs 972 million after the right issue.
