Last day to secure right shares of Shikhar Insurance

Feb 24, 2020 11:50 AM Merolagani

Today is the last day to secure 30 percent right shares of Shikhar Insurance (SICL). The company is closing its book on February 25, thus, the shareholders registered in its book till February 24 will be eligible to apply for the right issue.

The company is issuing 3,171,932 units of right shares at a ratio of 10:3.

According to the company, it is issuing the right issue to expand its risk bearing capacity required to insure big risky assets.

Presently, the company has a paid-up capital of Rs 1.05 billion that will reach Rs 1.37 billion after the right issue.

The company has appointed NIBL Ace Capital as its issue manager. ICRA Nepal has assigned Grade 3 rating to the issue indicating average fundamentals.

comments powered by Disqus

Nepal confirms 1,356 new COVID-19 Cases; Death tolls 429

Sep 22, 2020 04:38 PM

On Tuesday, Nepal has confirmed 1,356 additional COVID-19 cases. With this, the number of COVID-19 cases has reached 66,632 in the country. Out of them, 18,142 are active cases.