A reminder: Today is the last day to clinch Nepal Insurance’s 1:1 right shares
Wed, Jun 18, 2014 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, June 18:
Nepal Insurance Company Limited is closing the issuance of its 1:1 right shares to the shareholders today.
The right issue will close at the end of the banking hour today, according to Growmore Merchant Banker Limited at Jamal, Kathmandu, which is managing the issue.
The right issue is being floated since May 15.
Altogether 13.1 9 lakh units of right shares of right shares are being floated at a face value of Rs 100 per unit, according the company.
It may be noted that Nepal Insurance has already announced the book closure for the rights shares on April 30, which means that those who already held the shares of the company before that date will be entitled to the right shares.
The company is floating the right shares to shore up its paid-up capital from the existing Rs 13.19 crore to Rs 26.38 crore.
As of the last fiscal year, its EPS stood at 17.49 and net worth per share at 230.12.
