Nepal Insurance to Issue Rights Shares from Shrawan 4, Offering in 10:3.4783 Ratio

Nepal Insurance Company Limited is set to issue rights shares starting from Shrawan 4. The company will offer a total of 6,576,967 rights shares at a par value of NPR 100 per share in the ratio of 10:3.4783 (i.e., 3.4783 new shares for every 10 existing shares held).

The rights issue corresponds to 34.783% of the company’s current paid-up capital of NPR 1.89 billion.

For the purpose of this rights offering, the company had already closed its books on Jestha 30. Hence, only shareholders who held shares until Jestha 29 are eligible to apply.

The application period for the rights shares will remain open until Shrawan 26. Interested shareholders must submit their applications within the stated timeframe.