Prudential Insurance Conducting SGM Today; To Endorse Right Issue

Jun 25, 2019 12:00 PM Merolagani

Prudential Insurance Company (PICL) is conducting a special general meeting (SGM) today 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.

The shareholders registered in its book till June 16 are eligible to attend the SGM.


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