Offer Letter Published for "NLG Insurance Company Limited"; Right Shares Issue Opens From Mangsir 11
Wed, Nov 6, 2024 11:09 AM on Dividend, Bonus & Rights, Book Closure, Latest,
NLG Insurance Company Limited (NLG) has published an offer letter for the issuance of its 62.56% rights shares.
According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio of 10:6.256 or 62.56% from 11th Mangsir to 1st Poush, 2081.
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 has been appointed as the issue manager.
27th Kartik is the book closure date. Thus, investors maintained before that day are eligible to apply for the shares.
