Nepal Insurance Rights Share- today — Thursday, Jestha 29 — is your last chance to become eligible. The company is closing its book on Jestha 30, which means only those shareholders who hold shares by end of Jestha 29 will be allowed to apply for the upcoming 40% rights issue.
What’s the Nepal Insurance Rights Share About?
Nepal Insurance is offering a 40% rights share to its existing shareholders. This means for every 10 shares you currently own, you’re eligible to buy 4 more shares at the par value of Rs. 100 per share.
The company is issuing a total of:
- 65,76,937.76 units of rights shares
- Worth Rs. 65.76 crore
Why is the Company Raising Capital?
This rights issue is part of the company’s plan to meet the minimum paid-up capital requirement of Rs. 2.5 billion set by the Nepal Insurance Authority for non-life insurance companies.
- Current paid-up capital: Rs. 1.89 billion
- After rights issue: Rs. 2.54 billion
So, with this issuance, the company will reach and even slightly surpass the regulatory requirement.
Who’s Managing the Sale?
The rights share issuance is being managed by NIMB Ace Capital, the designated issue manager for Nepal Insurance.
