IME General Insurance has appointed Global IME Capital as its share registrar. Global IME Capital will issue right share of the insurance company in the ratio of 10:8 .
The CEO of the insurance company Yugesh Bhakta Bade Shrestha and the CEO of Global IME Capital, Paras Mani Dhakal signed an agreement on behalf of their respective organisaions on Monday, December 18. According to Shrestha, the paid-up capital of the insurance company will reach Rs 972 million after the issuance of the right share. Furthermore, he informed that the insurance company plans to increase the paid-up capital to Rs 1.02 billion after issuing bonus shares.