Guardian Micro Life Insurance to Issue 100% Rights Shares

Guardian Micro Life Insurance has decided to issue 100% rights shares. The company’s board meeting held on Chaitra 18 decided to issue rights shares in a 1:1 ratio. To approve this proposal, the company has called a special general meeting on Baisakh 5. For the purpose of the meeting, the book closure date has been set for Chaitra 28, meaning only shareholders holding shares until Chaitra 27 will be eligible to participate.

The rights shares will be issued only after approval from the special general meeting and regulatory authorities. Recently, the company raised its paid-up capital to NPR 750 million by issuing an IPO. After the issuance of the proposed rights shares, the capital will reach NPR 1.5 billion.