The company closed its book on July 6 for the right issue, thus, the shareholders registered in its book till July 5 are eligible to apply for the right issue.
For that matter, the company has appointed NIBL Ace Capital as its issue manager. The interested investors can apply for the shares from all C-ASBA approved BFIs as well as NIBL Ace Capital at Lazimpat- Kathmandu, Laldurbar-Kathmandu, Lagankhel-Lalitpur, Chipledhunga-Pokhara, Trafficchwok-Butwal, Aadarshanagar-Birgunj and Golchhachowk-Biratnagar.
Moreover, the shareholders can apply from all branches of National Life Insurance.
The company is issuing the right issue to meet the minimum paid-up requirement of Rs 2 billion as per the directive of Insurance Board (IB).
Presently, the company has a paid-up capital of Rs 1.65 billion which will reach Rs 2.64 billion after the right issue.
