Nepal Insurance Company Limited Unveils Book Closure Date for 40% Rights Offering
Thu, Jun 5, 2025 11:28 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Nepal Insurance Company Limited (NICL) has unveiled the book closure date for its 40% right shares on 30th Jestha, 2082. Thus, shareholders who held their shares before Jestha 29 are eligible for the rights offering.
The company will be issuing 40% right shares worth Rs. 65.76 Crores through the issue of 6,576,937.76 (1: 0.40) units of right shares to its existing shareholders. The current paid-up capital is Rs. 1.89 Arba. After the adjustment of the proposed right share, i.e., 6,576,937.76 units, the company's paid-up capital will increase to Rs. 2.30 Arba.
NIMB Ace Capital Limited is appointed as the issue manager.
As of writing, NICL closed at Rs. 764.07.
