NLG Insurance and Life Insurance Corporation Receive Approval for Rights Issuance

Two insurance companies, NLG Insurance and Life Insurance Corporation, have received approval from the Nepal Securities Board for the issuance of rights shares.

NLG Insurance:
The company has been approved to issue rights shares amounting to 66%. As part of this, NLG Insurance will issue a total of 9.631 million shares to its shareholders.

Life Insurance Corporation:
The company has received approval for the issuance of 88% rights shares. Under this, Life Insurance Corporation will issue a total of 23.468 million shares.

Following this approval, both companies plan to offer additional shares to their existing shareholders to expand their capital.