Life Insurance Corporation Nepal Limited (LICN) has completed the allotment of its 1:0.8845168 ratio right shares on 7th Magh 2081. Eligible shareholders who applied have received their allotted shares, while refunds for non-allotted applicants will be processed through IPS from 10th Magh 2081.
Key Details of the Rights Issue
- Issue and Application Period
- LICN issued 2,34,68,000 right shares at a par value of Rs. 100 each.
- The application period lasted from 12th Mangsir to 17th Poush 2081.
- Shareholders recorded in the company’s book by 9th Kartik 2081 were eligible to apply.
- Allotment Summary
- A total of 2,29,75,423 shares have been allotted to 11,468 valid applicants.
- Unclaimed Shares: 4,92,577 shares (2.09%) have not been claimed by eligible shareholders. These shares will soon be auctioned to the general public and institutions.
Refund Details
Applicants who did not receive the shares they applied for will have their refund amounts deposited in their respective bank accounts via IPS starting 10th Magh 2081. Shareholders are advised to check their bank accounts to confirm the transaction.
This development reflects LICN’s commitment to completing its rights offering process efficiently while ensuring transparency for shareholders. The upcoming auction provides additional opportunities for investors to acquire shares in the company.
Notice: Life Insurance Corporation Nepal Allots 1:0.8845168 Right Shares
