Shikhar Insurance going to issue 30 percent right shares

Feb Sun 2021 08:06:39

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Shikhar Insurance going to issue 30 percent right shares

Kathmandu. Shikhar Insurance is going to issue right shares again. After distributing 27.769 percent bonus shares from the profit of the fiscal year 2076/77, Shikhar Insurance will issue 52.68 million shares equal to Rs. 526.8 million, which will be 30 percent of the paid up capital of Rs. Yes

With the issue of these shares, the paid up capital of Shikhar will reach Rs. 2.28 billion.

After the paid-up capital exceeds Rs 2 billion, Shikhar has also put forward a proposal to increase the authorized capital to Rs 4 billion from the same general assembly.

Earlier, 30 percent of the shares had been issued.