Mon, Apr 16, 2018 12:10 PM
United Insurance Company (Nepal) Limited (UIC) has informed NEPSE about the about its proposal for right share issuance.
The company has proposed to issue right shares in the ratio of 1:2.4 to raise its capital as per the requirement of Insurance Committee. The board meeting held on Baisakh 02, 2075 has permitted the issuance of 240% right shares.
The current paid up capital of the insurance company is Rs 30.24 crore which will reach Rs 1.02 arba after the adjustment of the right shares.
The decision will be finalised after gaining approval from Insurance Board and the upcoming AGM of the insurance company.