Last day to Secure 1:1 right shares of Nepal Insurance Company Limited; LTP 850

Today is the last day to secure 100% right shares of Nepal Insurance Company Limited.

Company had announced 23rd Chaitra as the book closing date for the right issue. Thus, Shareholders owning the shares by today will be eligible for the right issue. 

Nepal Insurance Company will issue 30,19,886 unit right shares at a ratio 1:1 from 18th April. 

NIBL ACE capital is managing the right issue. ICRA Nepal has assigned 4+ rating for the issue.

Eligible shareholders can apply from NIBL ACE Capital (Lazimpat, Kathmandu), and from entire branches of Nepal Insurance Company within the nation. The shareholders can also apply online using "Mero Share". 

Nepal Insurance Company currently has a paid-up Capital of Rs 30.19 crores. The company had recently proposed 4.5% bonus shares for the shareholders.  After the capitalization of ongoing right shares and bonus shares, the paid-up capital will surge to Rs 61.76 crores. The company will further need Rs 38.24 crores (i.e. 61.92%) in order to meet the required capital.