Nepal Insurance Issuing 34.78 Percent Right Share from Today
July 22, 2025 | Investopaper
Nepal Insurance Company Limited (NICL) is currently selling the right shares to the shareholders. The company has decided to float the right shares in the ratio 1:0.34789. This means that the shareholders with 100 shares can apply for the additional 0.34789 shares.
The right issue is open from Shrawan 6, 2082 BS and close on Shrawan 26, 2082 BS.
For this purpose, the company has announced the book closure date on Jestha 30, 2082 BS. Therefore, the investors holding/purchasing the shares of NICL until Jestha 29, 2082 BS will be eligible to purchase the right shares.
Securities Board of Nepal (SEBON) has given permission to the company on Jestha 7, 2082 BS. NICL had submitted the application to the board on Ashad 24, 2081 BS. Only after the approval from the regulatory body SEBON, the company can issue the right shares.
The company has already approved the agenda of right issuance from its Special General Meeting (SGM) held on Jestha 4, 2081 BS.
As of Baisakh’s end 2082 BS, Nepal Insurance has a paid up capital of Rs. 189.08 crores. Hence, the company has plans to sell right shares worth Rs. 65.76 crores. After the right issue, the paid-up capital will reach Rs. 254.84 crores.
As per the direction of Nepal Insurance Authority, the non-life insurance companies are required to meet the minimum capital of Rs. 250 crores. Hence, Nepal Insurance has opted for the right issue in order to reach the capital requirement.
NIMB Ace Capital Limited is the issue and sales manager for the right offering.
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