Prudential Insurance Calls out SGM on June 25

Jun 10, 2019 Merolagani

Prudential Insurance Company (PICL) has called out the special general meeting (SGM) on June 25. The company is set to endorse a proposal of issuing 60 percent right issue to its existing shareholders.

Moreover, the SGM is scheduled to endorse a proposal of increasing authorized, issued and paid-up capital its article of association and polices.

Currently, the company has paid-up capital of Rs 641.5 million that will reach Rs 1.02 billion after the right issue.

In this regard, the company is closing its book on June 17, thus, the shareholders registered in its book till June 16 will be eligible to attend the SGM.

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