NLG Insurance Successfully Concludes Special General Meeting; Approves Rights Shares Issuance

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NLG Insurance Successfully Concludes Special General Meeting; Approves Rights Shares Issuance

NLG Insurance Successfully Concludes Special General Meeting; Approves Rights Shares Issuance

Ganesh Khatiwada 2024-10-24 09:01:00

Kathmandu: NLG Insurance Limited held its Special General Meeting on October 23, 2024 at Aamrapali Banquet in Kathmandu. The meeting addressed key decisions critical to the company's future growth and financial structure.

During the meeting, the proposal to issue rights shares was approved, marking a significant step toward increasing the company's paid-up capital. This move aligns with NLG Insurance's strategic goal of strengthening its financial base to comply with regulatory requirements and enhance its service capabilities.

The approved rights shares will provide existing shareholders the opportunity to invest further, ensuring broader participation in the company’s growth trajectory. Shareholders actively engaged in the discussions and expressed confidence in the company’s vision and management.

With the decisions finalized, NLG Insurance is expected to initiate the process for rights share distribution shortly.

For more information, shareholders and interested parties can contact the company or visit its official website.

Published Date 2024-10-24 09:01:00

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