Shikhar Insurance Company Ltd (SICL) is issuing its 1: 0.3 ratio right shares to its shareholders from 1st Chaitra to 21st Chaitra, 2078. Magh 21 was the book closure date. Thus, shareholders or investors maintained before that are eligible to claim their portion of right shares.
Now, the insurance company will issue a total of 52,75,572 shares to its shareholders, which is 30 percent of the existing paid-up capital. The proposal was recently approved by the Securities Board of Nepal (SEBON).
The 15th and 16th AGM of the company held on Chaitra 09, i.e. March 22 endorsed a 27.769% bonus shares and 1.462% cash dividend for the fiscal year 2076/77. The AGM then also endorsed 30% right shares issuance after capital…
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