Kathmandu. The deadline for applying for the right shares issued by Nepal Insurance Company has been extended.

The company had issued the right shares from July 1. The company has said that the application can now be submitted till September 30.

Those holding 10 units of shares in the company will be able to apply for an additional 3.47 units of right shares. The company issued 6,576,967.76 units of right shares worth Rs 657.696 million at the rate of Rs 100 per share.

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. NiMB Ace Capital is the sales manager of the company.

The right shares can be applied through the sales manager as well as the banks and financial institutions that have taken c-assurance members from the Securities Board of Nepal and my shares.

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