Only 7 trading days left to claim 166.67% right share of Himalayan General Insurance; Book closure on Asadh 16

Himalayan General Insurance Company Limited (HGI) has set Asadh 16, 2074 as the book closure date for its upcoming 166.67% right share. Only those shareholders having shares one trading day ahead of the book closure date i.e. till Asadh 15, 2074 are eligible to apply for the right shares. NMB Capital Limited has been assigned as the issue manager. ICRA Nepal has assigned an “[ICRANP] IPO Grade 3” to this right issue, indicating average fundamentals. Himalayan General Insurance has earned net profit of Rs 8.05 crore in the third quarter of the fiscal year 2073/74 as per its unaudited report. Its paid up capital remains at Rs 38.52 crore. After the issuance of 166.67% right share, the paid up capital will rise to Rs 1.02 arba—thereby meeting Insurance Board’s directive for all non-life insurance companies to increase their paid up capital to a minimum of Rs 1 arba by the end of Ashad, 2075.