Guardian Micro Life Insurance to Issue 1:1 Right Share
April 1, 2025 | Investopaper
Guardian Micro Life Insurance Limited (GMLI) is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 1:1. This means that the shareholders with 100 shares can apply for the additional 100 shares.
The micro-life insurance company is taking the agenda of issuing the right shares to its upcoming special general meeting (SGM) to be held on Baisakh 5, 2082 BS.
After the approval from the SGM, the company will begin the proceedings for the right offering.
As of Falgun’s end 2081 BS, Guardian Micro Life Insurance has a paid up capital of Rs. 75 crores. Hence, the company has plans to sell right shares worth Rs. 75 crores. After the right issue, the paid-up capital will reach Rs. 150 crores.
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