Siddhartha Insurance has allotted 35% right share to its valid applicants.
The company had issued 35% or 22,44,973.50 unit of shares at face value of Rs.100 to shareholders.
It had allotted 22,07,757 units share have been allotted to 6,165 valid applicants. Remaining unsold 37,216.50 units shares will be sold via auction soon.
NMB Capital limited had managed the issue.
Currently its paid up capital is Rs.64.14 crore. After right adjustment, paid up capital will reach to Rs.86.59 crore. To meet the directives of Beema samiti, it must hike its capital by around 13.50 crore.
