SEBON has approved 80% or 10:08 share of IME General Insurance Company limited on 05 Jestha 2075.
The non-life insurance company will be issuing 10:08 or 43,20,000 units of shares at the face value of Rs.100 to its shareholders. The right shares will be issue soon.
Global IME Capital has been appointed as issue manager of right shares.
Currently its paid up capital is Rs. 54.00 core. After right share adjustment, paid up capital will reach to Rs.97.20 crore. To meet capital requirement by Beema samiti of 1 arba by Ashad end 2075, it must hike its capital by Rs. 2.8 crore.
