NLG Insurance Announces Sale of Unsold Rights Shares

Kathmandu – NLG Insurance Company Limited has issued a notice regarding the sale of unsold rights shares from its promoter and public groups. Despite earlier efforts to allocate these shares, a portion remains unsold, prompting the company to invite sealed bids from interested individuals, companies, and institutions.

A total of 29,977.31 shares from the promoter group and 290,555.91 shares from the public group are up for sale. The bidding process is open from February 2, 2025, and the deadline for submission is February 9, 2025. The base price for the shares is set at Rs. 100 per share.

Bidders can obtain and submit application forms at Laxmi Sunrise Capital Limited, Kamalpokhari, Kathmandu, or any of NLG Insurance’s branch offices located in Biratnagar, Birgunj, Pokhara, Butwal, Surkhet, and Dhangadhi.