The stock exchange adjusted the stock price at Rs 500 after adjusting 6 percent stock dividend.
IME General Insurance is conducting its AGM on March 7 in Lainchaur Banquet, Lainchaur at 10:00 AM.
The meeting is supposed to endorse a proposal of distributing 6 percent stock and cash dividend worth Rs 3.2 million.
Moreover, the meeting will approve a proposal of maintaining promoter and general shareholders ratio at 60:40 in its article of association and elect 4 directors from promoter shareholders and 6 directors from general shareholders.
The company has appointed Global IME Capital as its issue manager. Presently, the company has a paid-up capital of Rs 1.02 billion that will reach Rs 1.08 billion after the bonus share distribution.
