NLG Insurance appoints Laxmi Capital Market as issue manager to float its right shares; insurance company to float 96.31 lakh unit shares to existing shareholders

Tue, Aug 29, 2023 12:14 PM on Latest, Dividend, Bonus & Rights,

NLG Insurance has appointed Laxmi Capital Market as the issue manager for the issuance of its right shares to the existing shareholders.

The MoU was signed between CEO of NLG Insurance Mr. Sunil Ballav Pant and CEO of Laxmi Capital Mr. Rajeev Sapkota amid a program, as per the media statement.

The company is floating its shares in the ratio of 1:0.66 which totals to 96.31 lakh unit shares, as per the media statement.