United Ajod Insurance Limited to Issue Rights Shares in 100:15 Ratio

United Ajod Insurance Limited has announced the issuance of rights shares. In the board meeting held on Jeth 9, the company decided to issue rights shares in the ratio of 100:15. This proposal will be presented to the upcoming general meeting after obtaining approval from the Nepal Insurance Authority. Once approved by the general meeting, further processes will proceed.

Currently, United Ajod Insurance Limited's paid-up capital is NPR 2.10 billion. After the issuance of rights shares, the company's capital will reach NPR 2.415 billion. This move is expected to strengthen the company's financial capacity.

The decision to issue rights shares is anticipated to have a positive impact on shareholders. It is seen as a significant step towards the company's growth and expansion. Additionally, this initiative will also be an important development in the insurance sector.

United Ajod Insurance Limited's move is believed to inspire other companies in the insurance sector as well. Shareholders are also expected to benefit from this decision. It is anticipated that the general meeting will approve this proposal.