Last Day to Secure Right Shares of Nepal Insurance Company

Kathmandu — Today marks the final day for shareholders to secure eligibility for the upcoming right share issuance of Nepal Insurance Company Limited.

As the company prepares book closure on Jestha 30 (June 13), only those investors who are officially registered with the Nepal Stock Exchange (NEPSE) by the end of today will be eligible to apply for the right shares.

Nepal Insurance had initially announced plans to issue 40 percent right shares, but the proposal has since been revised. The company will now offer right shares in a 3.4783:10 ratio — meaning shareholders will be entitled to 3.4783 right shares for every 10 shares they currently hold.

The exact date for the issuance has not yet been finalized. However, the process will be managed by NIMB Ace Capital Limited, which has been appointed as the issue and sales manager for the right shares.