Bonus Shares of NLO and Right Shares of NLG Now Listed in NEPSE

1,21,437.80 unit bonus shares of Nepal Lube Oil Limited (NLO) have been listed in NEPSE.

Nepal Lube Oil Limited (NLO) convened the 33rd AGM on Ashwin 18, 2081, and endorsed a 25% dividend for the fiscal year 2080/81. 20% bonus shares and 5% cash dividends were proposed from the paid-up capital of Rs. 6.07 Crores. The same bonus shares are now listed in NEPSE.

As of writing, NLO has an LTP of Rs. 276.90.

Similarly, 96,31,220.22 unit right shares of NLG Insurance Company Ltd. (NLG) have been listed in NEPSE.

The company opened the issue of a 10:6.256 ratio of the right share to its shareholders at a par value of Rs. 100 from 11th Mangsir to 1st Poush, 2081. NLG issued 62.56% right shares worth Rs. 96.31 crore through the issue of 9,631,220.22 (1: 0.6256) units of right shares to its existing shareholders from the paid-up capital of Rs. 1.53 Arba. After adjusting the proposed right share, i.e., 9,631,220.22 units, the company's paid-up capital increased to Rs. 2.50 Arba. The same right shares are now listed in NEPSE.

As of writing, NLG has an LTP of Rs. 914.