Kathmandu. Nepal Insurance Company is going to issue right shares from July 1.

The company is issuing 34.78 per cent right shares of its existing paid-up capital. Out of which, 10 units of share holders can apply for 3.4783 units of shares.

At the rate of Rs 100 per share, Rs 657,696,776 was Rs 65,76,967. It will issue 76 units of right shares.

The company, which is going to issue the right shares, has closed the book on June 15. The shareholders who have remained in office till June 15 will be able to apply for the right shares. You can apply for the right shares till August 15.

NIMB Ace Capital is its sales manager. The right shares can be applied from the Securities Board through the banks and financial institutions that are members of the Securities Board and my shares.

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