NB Insurance & CDSC signs agreement to dematerialize shares

NB Insurance Company Limited and CDS and Clearing Limited (CDSC) have signed an agreement  to dematerialize its shares. The trading of shares can only take place in dematerialized form. Ugesh Bhakta Bade Shrestha, Acting CEO of NB Insurance and Dev Prakash Gupta, CEO of CDSC signed the agreement. Paras Mani Dhakal, CEO of Global IME Capital Limited signed on behalf of share registrar. After the agreement, shareholders of NB Insurance must dematerialize their shares.The shareholders should apply for Demat process at prescribed DP service centre. After the agreement CDSC has provided International Securities Identification Number (ISIN) NPE205A00002 for ordinary shares and NPE205A40008 for promoter shares of the insurance company. Shareholders must open Demat account to dematerialize their shares.Those shareholders having Demat account should submit their original share certificates at respective DP Centre.