Gurans Life Insurance to issue 50% right shares from April 11

Mar 24, 2019 Merolagani

Gurans Life Insurance Company (GLICL) is set to issue 50 percnet right shares from April 11. The company is issuing 2,960,000 unit of right shares at a ratio of 2:1 to its existing shareholders. The issue will close on May 15.

The company closed its book on March 20 for the right issue, thus, the shareholders registered in its book till March 19 will be eligible to apply for the right shares.

The interested investors can apply for the right shares from its issue manager Laxmi Capital market at New Baneshwor, Kathmandu and designated branches of Laxmi Bank inside and outside the valley. Moreover, the shareholders can apply from all C-ASBA approved BFIs and through meroshare software.

The company is conducting its 9th AGM on April 4 in Baneshwor Banquet, New Baneshwor, Kathmandu.

The meeting will endorse a proposal of distributing 8 percent stock dividend and 0.421 percent cash dividend to its shareholders.

Moreover, the meeting will approve a proposal of issuing 100 percent right share of the paid-up capital maintained after bonus share and 50 percent right issue.

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