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Nepal Insurance’s book close date fixed for issue of right shares

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Kathmandu. Nepal Insurance Company Limited has fixed the book closure date for the issue of right shares.

A meeting of the board of directors of the company held on June 29 decided to close the book on June 15.

According to the company, only the shareholders of The Nepal Stock Exchange (NEPSE) can apply for 40 percent of the right shares to be issued by the company till June 15.

The company has received approval from the Securities Board of Nepal to issue 6,576,967.76 units of right shares in the ratio of 10:4 at the face value of Rs 100 per share.

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