Offer Letter Published for "Nepal Insurance Company"; Right Shares Issue Opens from Shrawan 06
Fri, Jul 4, 2025 12:04 PM on Dividend, Bonus & Rights, Highlight News,
Nepal Insurance Company Limited (NICL) has published an offer letter for the issuance of its 34.783% rights shares.
According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio of 10:3.4783 or 34.783% from 6th Shrawan to 26th Shrawan, 2082.
The company will be issuing 34.783% right shares worth Rs. 65.76 Crores through the issue of 65,76,967.76 (10:3.4783) units of right shares to its existing shareholders. The current paid-up capital is Rs. 1.64 Arba. After the adjustment of the proposed right share, i.e., 65,76,967.76 units, the company's paid-up capital will increase to Rs. 2.30 Arba.
NIMB Ace Capital Limited is appointed as the issue manager.
The book closure date is 30th Jestha, 2082. Thus, investors who maintained before that day can apply for the shares.
