The company is closing its book on November 12 for the right issue, thus, the shareholders registered in its book till November 11 will be eligible to apply for the right shares.
The company is issuing 62.56 percent right shares to its existing shareholders on November 26.
The company will issue 9,631,220.22 units of right shares worth Rs 963,122,022 at ratio of 10:6.256.
ICRA Nepal has assigned A- rating to the issuer indicating adequate safety.
The company has appointed Laxmi Sunrise Capital. The interested shareholders can apply from all branches of NLG Insurance and all branches of Laxmi Sunrise Bank outside Kathmandu Valley. They can also apply from all C-ASBA approved BFIs.
Currently, the company has paid-up capital of Rs 1.56 billion that will reach Rs 2.50 billion after the right issue.
