Himalayan General Insurance issuing 64.20 lakh units (166.67%) right share from today; offer ends Shrawan 31

Himalayan General Insurance Company Limited (HGI) is issuing 64,20,000 units right share to its shareholders from today (Asadh 28, 2074). The rights issue will remain open for 35 days before closing on Shrawan 31, 2074. The book closure date for the rights issue was set on Asadh 16, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Asadh 15, 2074 are eligible to apply for the right shares. NMB Capital Limited is the issue manager for this right issue. Interested applicants can collect application forms from NMB Capital, Naxal and from designated branches of NMB Bank Limited. HGI has earned net profit of Rs 8.05 crore in the third quarter of FY 2073/74. Its current paid up capital remains at Rs 38.52 crore. After issuance of this 166.67% right share, its paid up capital will reach Rs 1.02 arba.