Kathmandu. Nepal Insurance Company has issued right shares.

The company has issued 34.78 per cent right shares of its paid-up capital. The company has closed the book for issuing right shares on June 15. The shareholders who have remained in office till June 15 will be able to apply for the right shares.

At present, those holding 10 units of shares can apply for 3.47 units. The company issued 6,576,967.76 units of right shares worth Rs 657.696 million at the rate of Rs 100 per share.

Applications can be made for the right shares till August 15. NIMB Ace Capital is its sales manager. The right shares can be applied through banks and financial institutions and my shares, which are members of the Securities Board.

At present, the paid-up capital of the company stands at Rs 1.89 billion. After the issue of rights, it will reach Rs 2.54 billion.