Nepal Insurance Company Limited (NICL) is commencing the allocation of its 34.783% rights shares starting today, on the 6th of Shrawan, 2082, and continuing until the 26th of Shrawan, 2082.
The firm will be releasing 34.783% in rights shares valued at Rs. 65.76 Crores via the distribution of 65,76,967.76 (10:3.4783) units of rights shares to its current shareholders. The existing paid-up capital amounts to Rs. 1.64 Arba. Following the introduction of the proposed rights shares, specifically 65,76,967.76 units, the company’s paid-up capital will rise to Rs. 2.30 Arba.
NIMB Ace Capital Limited has been designated as the issue manager.
The book closure date is marked as the 30th of Jestha, 2082. Hence, investors who hold shares prior to that date are eligible to apply for the new shares.
