Wed, Jan 29, 2020
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.
The agitating fuel carrier truck drivers have resumed their work since Tuesday after an agreement was reached at the initiative of the Nepal Oil Corporation. The agreement has addressed the demand of the drivers to acknowledge the difference in the quantity of fuel due to difference in temperature at the time of filling and emptying.
