Only 5 trading days left to grab 80% Right Share of NB Insurance; Book closure on Shrawan 6; LTP at Rs 87.72

NB Insurance Company Limited (NBIL) 14^th, 15^th, 16^th & 17^th AGM held on Poush 30, 2072 had approved 10:8 (80%) right shares to its shareholders and now the insurance company has announced book closure date for the same. The right issue was approved by Securities Board of Nepal (SEBON) on Ashad 28, 2073. The book closure date for 80% right issues has been set for Shrawan 6, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 5, 2073 will be eligible for the right shares. Global IME Capital Limited has been assigned as the issue manager for the right issue. NBIL had earned a net profit of Rs. 2.20 crore in the third quarter of the current fiscal year. The paid up capital of the insurance company stands at 24.49 crore. After the issuance of 80 percent, the paid up capital will reach Rs 44.08 crore. Its last traded price stood at Rs 87.72 as on July 13, 2016.