Nepal Insurance Company (NICL) to Issue 34.783% Right Shares | July 22 to August 11, 2025
Nepal Insurance Company Limited (NICL) has published an official offer letter announcing the issuance of 34.783% right shares, with applications opening from July 22 to August 11, 2025. Eligible shareholders can apply for the right shares within this subscription period.
The right shares will be issued at a ratio of 10:3.4783, meaning shareholders are entitled to apply for approximately 3.4783 shares for every 10 shares they currently hold.
NIMB Ace Capital Limited has been appointed as the issue manager for this right share offering. The book closure date was set on Jestha 30, 2082, meaning shareholders recorded as of that date are eligible to participate in the rights issue.
Applications can be submitted through the Meroshare platform, C-ASBA member banks, and financial institutions authorized by the Securities Board of Nepal (SEBON), as well as through the issue manager’s branch offices. Currently, NICL’s paid-up capital stands at Rs. 1.89 Arba. Upon completion of the right share allotment, the company’s paid-up capital is expected to increase to Rs. 2.54 Arba.
Read this: Upcoming Right Share Offerings in Nepal
Read More
