Nepal Reinsurance Company to Issue 100 Percent Rights Share
Nepal Reinsurance Company Limited (NRIC) has announced plans to issue 100 percent rights shares to its existing shareholders as part of its capital increment strategy. The company published the notice on the Nepal Stock Exchange (NEPSE) today.
The Ministry of Finance has already approved the rights issue, and the proposal will be presented as a special resolution in the upcoming Annual General Meeting (AGM).
According to NRIC, the move is aimed at strengthening its capital base and supporting future growth plans. Shareholders will be able to subscribe to additional shares in proportion to their current holdings.
NRIC has urged its shareholders to stay updated on the AGM agenda and the rights issue proposal, which marks a significant step toward capital strengthening and expansion.
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