NLG Insurance Company Limited (NLG) has successfully allotted its 10:6.256 ratio right shares on 6th Magh, 2081. The shares have been distributed to valid applicants, and the refund process for non-allotted applicants will begin on 9th Magh, 2081.
Key Details of the Right Share Issuance
- A total of 9,631,220.22 units of right shares were offered during the issuance period, which ran from 11th Mangsir to 16th Poush, 2081.
- Investors who held shares of the company on or before the book closure date, 27th Kartik, 2081, were eligible to apply for these shares.
Allotment Summary
- Out of the total shares issued, 93,10,687 units were allotted to valid applicants.
- The remaining 3,20,533.22 units (3.32%) were unclaimed by eligible shareholders. These unclaimed shares will be auctioned to the general public and institutions very soon.
Refund Information
For applicants who were not allotted the right shares, the refund process will start on 9th Magh, 2081. The refunds will be deposited directly into the respective bank accounts of applicants through the IPS system. Applicants are advised to verify the deposit in their accounts.
This right share issuance demonstrates NLG Insurance’s efforts to enhance its capital base and involve more investors in its operations. Keep an eye on the upcoming auction for unclaimed shares if you’re interested in participating.
Notice: NLG Insurance Company Completes Right Shares Allotment
