IME General Insurance to auction 103,000 unit shares

Feb 24, 2019 Merolagani

IME General Insurance (IGI) is set to auction 103,364 units of unsold right shares. The company issued 80 percent i.e. 4,320,000 million units of right shares from January 1- February 4 in a bid to raise its paid-up capital as per IB requirement.

After allotting 4,217,636 units of shares to valid applicants, the company is auctioning the remaining 103,364 units.

Currently, the company has a paid-up capital of Rs 540 million. The company is issuing 80 percent i.e.  4.32 million unit of right shares of the current paid-up capital amounting to Rs 432 million. After capitalization of the right issue, the paid-up capital will totals Rs 972 million.

In order to meet the minimum paid-up capital requirement of Rs 1 billion, the company still needs Rs 28 million.

 


comments powered by Disqus

NEPSE Adjusts Stock Price of Prabhu Insurance

Jan 24, 2020 01:10 PM

Nepal Stock Exchange has adjusted the stock price of Prabhu Insurance (PRIN) after its book close for the upcoming AGM.

Sindhu Bikas Bank Calls Out AGM

Jan 24, 2020 11:30 AM