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240% right issue of United Insurance stretched out till Ashoj 23

United Insurance Company (Nepal) Limited (UIC) has broadened the end date of its continuous issue of 72,57,600 units right offers to its current investors till Ashoj 23, 2076.

The book conclusion date for right common design was on Shrawan 14, 2076. Financial specialists holding portions of the organization till Shrawan 13 are qualified for right shares.

The insurance agency is issuing right partakes in the proportion of 1:2.4 or 240% at standard worth. The organization will be issuing 72,57,600 units as right offers to raise a capital worth Rs 72.57 crore.

NMB Capital Limited has been delegated as the issue director for the correct issue.

The current paid up capital of organization is Rs 30.24 crore and after the 240% right offers issue the paid up capital will ascends to Rs 102.81 crore.

Care Nepal has relegated evaluating of ‘CARE-NP IPO Grade 4 [IPO Grade Four]’ to the proposed Rights Share Issue of United Insurance Company (Nepal) Limited (UIC).

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