Nepal Insurance Company Limited (NICL) has announced a 40% rights share issue for its existing shareholders. The company has set the book closure date for 30th Jestha, 2082.
Who Can Apply for the Right Shares?
Only shareholders who hold NICL shares before 29th Jestha, 2082 (one day before the book closure) will be eligible to apply for the right shares.
Right Share Ratio & Details
- Current Paid-up Capital: Rs. 1.89 Arba
- The company offers shares in a 10:4 ratio, meaning investors receive 4 additional shares for every 10 shares they currently own.
- Total Right Shares Issued: 6,576,937.76 units (worth Rs. 65.76 Crores).
- New Paid-up Capital After Issue: Rs. 2.30 Arba.
Important Reminders for Shareholders
- Transfer Shares Before Deadline: If you have recently bought NICL shares, ensure they are transferred to your Demat account before 29th Jestha, 2082.
- Brokers Must Transfer Shares: Stockbrokers are requested to move shares from the CM Pool Account to the respective investor’s Demat accounts before the deadline.
- No Trading on Book Closure Day: Shares will not be traded on 30th Jestha, 2082 (book closure date).
Issue Manager
NIMB Ace Capital Limited has been appointed as the issue manager for this right share offering.
Next Steps for Eligible Shareholders
- Shareholders should watch for official updates about how and when to apply for these shares.
- Ensure your Demat details are updated for a smooth transaction.
This right share issue is a great opportunity for existing shareholders to increase their stake in Nepal Insurance Company at a favorable ratio.
Notice: NICL Declares 40% Right Share Offering
