Nepal Insurance Company Extends Deadline for Right Share Issuance – What You Need to Know!
Are you an investor looking to capitalize on the Nepalese stock market? Then this is important news! Nepal Insurance Company Limited has just announced an extension for the subscription period of its right shares offering. If you’re a shareholder, this is your chance to increase your holdings!
Understanding Right Shares in Nepal
For those new to the game, a right share is essentially an offer to existing shareholders to purchase additional shares in the company at a predetermined price. This is a fantastic opportunity for current investors to maintain their proportional ownership and potentially benefit from future growth of the company. It’s a strategic move for any shareholder looking to solidify their position in the stock market of Nepal.
Key Details of the Nepal Insurance Company Right Share
The Nepal Insurance Company is offering the right share to all existing shareholders who were on the shareholder register before the cut-off date. Specifically, shareholders as of Jestha 30, 2082 (Nepali calendar) are eligible. The issuance ratio is quite attractive: for every 10 ordinary shares held, you can subscribe to 3.4783 additional shares. These shares are offered at a face value of Rs 100 each.
Extended Subscription Period
The initial period for applying for these right shares was from Shrawan 06, 2082 to Shrawan 26, 2082. Good news! That deadline has been extended to Bhadra 02, 2082. Don’t miss this extended opportunity to participate in the right share offering!
How to Apply for Nepal Insurance Company Right Shares
Applying is straightforward. Eligible investors can obtain and submit application forms from several locations:
- NIMB Ace Capital Limited (Lajimpat, Kathmandu)
- NIMB Ace Capital Limited (Branch Offices in Pokhara, Butwal, Birgunj, and Biratnagar).
You can also utilize the online C-ASBA (C-ASBA) system via “Mero Share,” a software developed by CDS and Clearing Limited. This simplifies the process for all investors. Any bank and financial institution that is a member of ASBA (ASBA), and that has obtained approval from the Securities Board of Nepal (SEBON), can also process your application.
Why Consider This Right Share?
Investing in right shares can be a smart move. It allows you to:
- Increase your holdings in a potentially strong insurance company.
- Maintain your proportionate ownership.
- Potentially benefit from future dividends and capital appreciation.
- Diversify your investment portfolio.
Important Considerations for Investors
Before investing in any right share offering, always conduct thorough due diligence. Review the company’s financial performance, market conditions, and investment risk associated with the insurance sector. Assess the share price, potential return, and your overall investment strategy carefully. Consider consulting with a financial advisor to make informed investment decisions.
Stay Updated on the Nepalese Stock Market
Keep yourself updated on stock market news in Nepal. Stay informed about share prices, company performance, and investment opportunities. Subscribe to financial news sources to receive timely updates and make informed investment decisions! Don’t miss out on this exciting opportunity to invest in the Nepal Insurance Company’s right share!
