NEPSE lists 105% right shares of Everest Insurance; Capital to reach Rs 27.39 crore after adjustment

Everest Insurance Company (EIC) was issuing 105% right shares to establish promoter shareholding in the company.

After all the remaining shares have been sold via auction, 1,403,325 Units Rights Shares of the company has been listed by Nepal Stock Exchnage (NEPSE).

The current paid-up capital of the company stands at Rs 13.36 crore which will rise to Rs 27.39 crore after adjustment of 105% right shares. The company is also set to issue 300% right shares after which the paid-up capital of the insurance company will reach Rs 1.09 arba.