KATHMANDU, July 31: Nepal Reinsurance Company (NRIC) is issuing 1:1 right shares to its shareholders, aiming to double its paid up capital.
The Board meeting of the NRIC held on Wednesday decided to issue 100 percent right shares to its shareholders. The reinsurance company took the decision in line with the guideline of its regulator Nepal Insurance Authority, which asked the reinsurance businesses to raise their capital base within mid-February 2026.
According to the NRIC, it has also received approval from the Ministry of Finance for the issuance. Following the subscriptions, the company’s paid up capital will reach Rs 26.84 billion from Rs 13.42 billion.