Janashakthi Insurance is to issue 180,500,066 new ordinary shares by way of a Rights Issue. The proportion of the shared to be issued would be one new ordinary share at Rs, 18.50 for every two shares held as at 19 August 2015.

The current share capital of the entity is Rs. 1,496,000,440 consisting of 363,000,132 shares.

The proceeds of this share issue are to be utilized for the expansion of the insurance business.