Azerbaijan, Baku, May 8 / Trend A.Akhundov /
The State Securities Committee (SSC) registered the issue prospectus of ordinary registered shares of Azerbaijan's insurance company Pasha Sigorta in the amount of 5.7 million manat, the Committee's report published on its website on Wednesday says.
According to the report, the placement will be carried out through converting 40,000 shares with a par value of 1 thousand manat each, and the same number of shares at a par value of 887.5 manat. As a result, the company's share capital will be increased from 35.5 million manat to 40 million manat.
Era Trans Sigorta, operating since 1994, renders services on 24 types of voluntary and four types of compulsory insurance.
The official exchange rate for May 8 is 0.7845 AZN / USD.