IME General is issuing 40 percent of Right shares

Sep Sun 2021 01:31:24

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IME General is issuing 40 percent of Right shares

Kathmandu. IME General Insurance Limited has applied to the Nepal Securities Board (NSB) seeking permission to issue 40 percent of its shares. The company has invested Rs. 463 million 34 thousand 400 An application has been submitted to the board for the issuance of 46 lakh 30 thousand 344 shares.

 The rightful sales manager is Global IME Capital Limited. Currently, the company's paid-up capital is Rs. 1.15 billion 75.86 million. Based on the same capital, the company is preparing to sell 40 percent of its shares. Till the last fourth quarter, the company had earned Rs. It has made a net profit of over Rs. 234.6 million.

Up to that period, the company's reserve fund was Rs. The amount is more than 249.9 million. Till the last fourth quarter, Rs. The company, which has earned more than Rs 1.52 billion in premiums, has issued 128,055 insurance policies. Annual earnings per share of Rs. The company has a net worth of Rs. 162.74.