Guardian Micro Life Insurance to Issue Right Shares

Kathmandu – Guardian Micro Life Insurance Limited has announced its decision to issue right shares following its recent Initial Public Offering (IPO). The company’s board of directors finalized this decision in a meeting held on Chaitra 18 (March 31).

According to the decision, the right shares will be issued at a ratio of 1:1, meaning shareholders will be entitled to purchase one right share for each share they currently hold, amounting to a 100 percent issuance.

To formalize the decision, the company has scheduled a special general meeting on Baisakh 5, 2082 (April 18). Company Secretary Ram Prasad Poudel stated that the book closure for this meeting will take place on Chaitra 28 (April 10).

Guardian Micro Life Insurance has also confirmed that the official notice regarding the special general meeting will be published on today.