United Ajod Insurance Limited Opens 10% Rights Share Issue from Today

today (Chaitra 26). The company is issuing rights shares in the ratio of 10 new shares for every 100 existing shares, totaling 2.31 million units worth NPR 231 million at a face value of NPR 100 per share. The book closure for this purpose was done on Falgun 17, making shareholders holding shares until Falgun 14 eligible to apply. The application deadline for the rights shares is Baisakh 16, 2083. ICRA Nepal has assigned the company an ‘ICRANP Issuer Rating Triple B,’ indicating a moderate degree of safety regarding its financial obligations. Laxmi Sunrise Capital Limited has been appointed as the issue and sales manager. Eligible shareholders can apply through designated bank branches, ASBA-approved financial institutions, or via the ‘Mero Share’ online system using the C-ASBA process. Currently, the company’s paid-up capital stands at NPR 2.31 billion, which will increase to NPR 2.541 billion after the allotment of the rights shares.