Everest Insurance closing 300 percent right issue from today
July 1, 2019 | Investopaper
Everest Insurance company is closing its right issue from today (Ashad 16, 2076). The issue will remain open today until the close of banking hours.
The insurance company opened 300 percent right shareholders to its shareholders from Jestha 14, 2076. Siddhartha Capital is the issue manager of the right share issue.
The book closure date for grabbing the right share was Baisakh 9, 2076. So, only those investors buying shares before this date are eligible to apply for 82,19,475 units right shares of the company at Rs. 100 per share.
Through the right issue, the company will raise 82.19 crores. After the adjustment of the right share, the paid up capital of the company will reach 1.09 Arba. Hence, it will meet the minimum capital requirement of 1 Arba.
