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Nepal Reinsurance Company (NRIC) has revealed its plan to increase capital through a notice issued on NEPSE today. The firm announced that it has secured approval from the Ministry of Finance to proceed with the allocation of 100% rights shares to its current shareholders.
As per the notice, the rights issue will be tabled as a special resolution in the forthcoming Annual General Meeting (AGM). This initiative is part of the company’s larger strategy to enhance its capital framework and bolster future growth endeavors.
Shareholders are encouraged to pay attention to the upcoming agenda and the proposed rights issuance, which will permit them to acquire additional shares in accordance with their existing stakes.
