Only three days remaining to apply fro right shares of Lumbini General Insurance and NMB laghubitta; Issuing 20% and 150% rights respectively

Thu, Dec 12, 2019 12:19 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Only three...

Lumbini General Insurance Company Limited (LGIL) is issuing it's 10:2 ratio 17,60,000 units right share to its shareholders from (Kartik 24) to Mangsir 29, 2076.

The company is issuing 17.60 lakh at Rs 100 per share to its shareholders. The book closure for the issue was on Ashwin 27, 2076.

CBIL Capital is the issue manager of the right issuance.

LGIL's current capital stands at Rs 88 crores. After the adjustment of the rights issue, it will reach Rs 1.05 arba.

ICRA Nepal has assigned [ICRANP] IPO Grade 3, indicating average fundamentals to the proposed rights issue amounting to NPR 176 million of Lumbini General Insurance Company Limited (LGIL). LGIL has proposed a 20% rights issue of 1,760,000 numbers of equity shares of face value NPR 100 each, to be issued to the existing shareholders at par. The proposed rights issue is being made to comply with the revised minimum paid-up capital requirement for general insurers as prescribed by the Insurance Board of Nepal.

NMB Laghubitta Bittiya Sanstha Limited (NMBMF) is issuing 24,30,093.75 units right share (1:1.5 ratio) to its shareholders from 24th Kartik to 29th Mangsir, 2076.

Sunrise Capital has been appointed as the issue manager of the right issuance.

The company is issuing 150% right shares to its shareholders at a par value of Rs 100 per unit. The right issue will raise the capital of Rs.24.30 Crore and increase the paid-up capital from Rs.16.20 Crore to Rs.40.50 Crore.

NMBMF has declared 12% bonus share from the profit of FY 2075/76.