Prudential Insurance Endorses Right Issue; Paid-up To reach 1 Bn

Jun 25, 2019 03:52 PM Merolagani

Prudential Insurance has endorsed 60 percent right issue proposal through its SGM. The SGM conducted in Hotel Ichhya, Simara, Bara approved a proposal of issuing 10:6 right shares to its existing shareholders.

The company will issue 3,849,120 units of right shares in a bid to meet the minimum paid-up capital of Rs 1 billion as per IB directive.

After the right issue, the paid-up capital of the company will reach Rs 1.02 billion.

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