Book closure for 65% right of Nepal Insurance

February 1, 2019 | Investopaper

Nepal Insurance is going to book close for 65% right share on Magh 27, 2075. Shareholders purchasing shares till Magh 25 are eligible for the right share offering. The 69th Annual General Meeting held on 21/01/2075 has approved the 1:0.65 right shares to the shareholders. The insurance will issue right shares worth Rs. 40.15 crores.

The insurance has paid up capital of Rs. 61.76 crores, reserve & surplus of Rs. 26.51 crores, net profit of Rs. 4.48 crores as of unaudited first quarter 2075/76. The insurance collected total premium of Rs. 32.13 crores till the first quarter.

After the inclusion of 65% right shares, the paid-up capital will reach Rs. 101.91 crores.


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