NLG Insurance Completes Allotment of Right Shares; Unsold Shares to be Auctioned

Kathmandu – NLG Insurance Company Limited has completed the allotment of its recently issued right shares. The company had opened the sale of 96,31,220.22 units of right shares at a face value of Rs 100, with a ratio of 62.56 percent, for eligible shareholders who applied by November 12, 2024. The allotment process was finalized on January 19, 2025.

According to LS Capital, the issue manager, 93,10,687 units of right shares were successfully allotted to shareholders who applied during the sale period from November 26 to December 31, 2024. However, 3,20,533.22 units of right shares remain unsold.

NLG Insurance has announced that the unsold right shares will now be made available through an auction process. Further details regarding the auction are expected to be announced soon.

Additionally, the company has stated that the refund amount for the unallocated right shares will be deposited into the applicants’ bank accounts through the Interbank Payment System (IPS) by January 22.