Kathmandu: United Ajod Insurance has received approval from the Securities Board of Nepal (SEBON) to issue rights shares. The board granted the company permission for the rights share issuance on February 11.
Under the approval, the company will issue a total of 2,310,000 rights shares at a ratio of 100:10 based on its existing paid-up capital.
The issue price of the rights shares has been set at Rs 100 per share. Laxmi Sunrise Capital has been appointed as the issue and sales manager for the rights share offering.
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