Gurans Life Insurance to issue Right shares 10:3 from Nov 1

Gurans Life Insurance Company Limited is issuing 11.66 lakh unit rights shares to its shareholders at 10:3 ratio from November 1.

The issuance of rights shares of Rs 100 face value will close on December 5, according to a notice published by the insurance company today.

The company has further stated that its paid-up capital, which stands at Rs 38.34 crore will rise to Rs 50 crore after the rights shares are issued.

Gurans Life Insurance Company Limited had posted net profit of Rs.2.165 crore in the last fiscal year of 2069/70.
-sharesansar