Mahesh Baral, Chairman of SEBON informed that the right issue of NLG Insurance and Life Insurance Corporation has been approved.
NLG Insurance obtained SEBON approval to issue 66 percent right shares while Life Insurance Corporation obtained approval to issue 88 percent right shares.
Following the approval, NLG Insurance will issue 9.6 million units of right shares while Life Insurance Corporation will issue 23.4 million units of right shares to their existing shareholders.
