Himalayan General Insurance SGM to endorse 1:2.2 right share; paid up to reach Rs 1.02 arba

Himalayan General Insurance Limited (HGI) has proposed 1:2.2 right share to its existing shareholders.

As per the notice published in Nepse today, the Special General Meeting (SGM) which is going to be held on Ashwin 7, 2073 will endorse 1:2.2 (220%) right share to its shareholders.

The insurance company has earned net profit of Rs 12.79 crore in the fourth quarter of the last fiscal year 2072/73. It’s paid up capital remains at Rs 32.10 crore. After the issuance of 220% right share, its paid up capital will reach to Rs 1.02 arba.