Nepal Reinsurance Company Proposes 100% Rights Offering as Part of Capital Increment Plan

Nepal Reinsurance Company (NRIC) has announced its capital increment plan through a notice published on NEPSE today. The company stated that it has received approval from the Ministry of Finance to move forward with the issuance of 100% rights shares to its existing shareholders.

According to the notice, the rights issue will be proposed as a special resolution in the upcoming Annual General Meeting (AGM). This move is part of the company’s broader strategy to strengthen its capital base and support future growth initiatives.

Shareholders are urged to take note of the upcoming agenda and the proposed rights offering, which will allow them to subscribe to additional shares in proportion to their existing holdings.