NLG Insurance Company Limited Unveils Book Closure Date for 62.56% Rights Offering
Mon, Oct 28, 2024 9:51 AM on Latest, Dividend, Bonus & Rights, Book Closure,
NLG Insurance Company Limited (NLG) has unveiled the book closure date for its 62.56% right shares on 27th Kartik, 2081. Thus, the shareholders maintained till Kartik 26 are eligible for the rights offering.
The company will be issuing 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. The current paid-up capital of Rs. 1.53 Arba. After the adjustment of the proposed right share i.e. 9,631,220.22 units, the paid-up capital of the company will increase to Rs. 2.50 Arba.
Laxmi Sunrise Capital Limited is appointed as the issue manager.
As of writing, NLG closed at Rs. 1,334.00.
