United Ajod Insurance Limited has kept its rights shares open for application until Baisakh 16, 2083. The company had opened the issue from Chaitra 26, offering rights shares at 10 percent of its existing paid-up capital in a 10:1 ratio, meaning shareholders are entitled to 10 new shares for every 100 shares held.
Under this issuance, the company is offering 2,310,000 shares worth Rs. 23.10 crore at a face value of Rs. 100 per share. For this purpose, the company had closed its book on Falgun 17, making only those shareholders eligible who held shares as of Falgun 14.
The company has received an ‘ICRA NP Issuer Rating Triple B’ from ICRA Nepal, indicating a moderate degree of safety in meeting its financial obligations on time.
Laxmi Sunrise Capital Limited has been appointed as the issue and sales manager. Eligible shareholders can apply through the issue manager, designated branches of Laxmi Sunrise Bank, ASBA-approved banks and financial institutions, or via the ‘Mero Share’ platform using the C-ASBA system.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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