NB Insurace concludes its annual general meeting: right shares on a ratio of 10 to 8 to be issued

NB Insurance Company Limited has concluded its 20^th Annual General Meeting at Lainchaur, Kathmandu on 26^th September, 2017. The company informed that, in the next fiscal year it will expand branches in 19 new locations and provide insurance services through 51 offices through the 7 satates. The meeting also agreed on issuing right shares on a ratio of 10 to 8 hiking the  total paid up capital to Nrs97.2 crore. Moreover, the company was able to collect NRs14 crore in premium in the fiscal 2073/74. “We will follow longterm and short term strategies to be the best insurance company within five years and will provide fair returns to all the investors,” the company said in a statement.