Nepal Insurance Company Limited Approves Revised Rights Share Ratio
Sun, Jun 8, 2025 10:12 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Nepal Insurance Company Limited has officially announced a revised book closure date for its upcoming rights share issuance. This decision follows the directive from the Securities Board of Nepal and recent developments regarding the company’s paid-up capital after issuing bonus shares.
In a meeting held on Jestha 23, 2082, the Board of Directors resolved that the shareholder registry will be closed for one day on Jestha 30, 2082, to facilitate the issuance of rights shares. Earlier, the closure for the rights share issuance based on a paid-up capital of Rs. 1,64,42,41,940 without considering the bonus share adjustment.
The rights share is to be issued in the ratio of 10:4, corresponding to 65,76,967.76 shares at Rs. 100 per share, totaling NPR 65,76,96,776. However, following the approval by the Securities Board of Nepal dated Jestha 23, 2082, the company must adjust the rights share issuance proportion under the increased paid-up capital after the issuance of 24,66,362.91 bonus shares at a rate of 15%, as approved in the 76th Annual General Meeting held on Chaitra 19, 2081.
After incorporating the bonus shares, the new paid-up capital will be Rs. 1,64,42,41,940, and the revised rights share issuance ratio stands at 34.78%. The company has sent this revised notice along with the sample publication for record and shareholder information purposes.
