Bank Of Baku

Pasha Life Insurance increases authorized capital

Pasha Life Insurance increases authorized capital
# 05 March 2012 08:34 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities has registered emission prospectus of ordinary, book-entry shares of PASHA Life Insurance.

According to SCS, face value of shares is AZN 2,150, quantity – 7,000 and volume of the issue – AZN 15,050 mln.

After placement, the authorized capital will increase by 2.15 times to AZN 15.050 mln.

Note that, PASHA Life Insurance was registered in October, 2010 and obtained licence in February, 2011.
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THE OPERATION IS BEING PERFORMED