100% right issue of Nepal Insurance Company to Commence from 5th Baisakh

Nepal Insurance Company is issuing 30,19,886 unit right shares at a ratio 1:1 from 5th Baisakh.

The eligible shareholders can apply up to 8th of Jestha, 2075. Company had set a book close date of Chaitra 23rd, 2074 for right issue. Shareholders owning the shares at the time of book close are eligible to participate in the right issue. 

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.