Last day to clinch 100% right shares of Nepal Insurance Company; LTP at Rs 850
Thu, Apr 5, 2018 8:18 AM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
Today is the last day to clinch 30,19,866.10 units right shares of Nepal Insurance Company (NICL).
NICL had announced 100% right shares Rs 30.19 crore to its existing shareholders at a face value of Rs 100 per share.
The company had set the book closure date on Chaitra 23, 2074. Thus, only those shareholders owning shares till Chaitra 22, 2074 (today) are eligible to participate in the AGM.
The insurance company’s current capital stands at Rs 30.19 crore and after the issuance of rights share in the ratio of 1:1, its paid up capital will reach Rs 60.39 crore. The company has also recently proposed 4.52384% bonus shares for its shareholders. The total capital of the company after the issuance of bonus share would be Rs 61.76 crore .
It had posted net profit of Rs 4.27 crore in the first quarter of the FY 2074/75.
Its LTP stood at Rs 850 as of last trading day.
