Right Alert! Issue of 10:6.256 Right Shares of NLG Insurance Company Opening from Today

NLG Insurance Company Limited (NLG) is opening the issue of a 10:6.256 ratio of right share to its shareholders at a par value of Rs. 100 from today i.e. on 11th Mangsir to 1st Poush, 2081.

The company will issue 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 is Rs. 1.53 Arba. After the adjustment of the proposed right share, i.e., 9,631,220.22 units, the company's paid-up capital will increase to Rs. 2.50 Arba.

Laxmi Sunrise Capital Limited has been appointed as the issue manager for this right issue.

27th Kartik was the book closure date. Thus, the shareholders maintained before that day are eligible for the rights offering.