Shikhar Insurance Company Limited (SICL) has fixed a date for book-closing for the issue of rights shares.

Shikhar Insurance is going to issue right shares in the ratio of 1: 0.3. Accordingly, the insurance company will issue 52 lakh 75 thousand 572 shares equal to 52 thousand 75 lakh 57 thousand 200 rupees.

The company had obtained permission from the Securities and Exchange Board of Nepal (SEBON) only a few days ago.

Insurance is going to close the book on Magh 21 for the purpose of right share issue. Accordingly, the existing shareholders who have been traded on Nepse till Magh 20 will be able to apply for the rightful shares of insurance.

The Fifteenth and Sixteenth Annual General Meetings of Shikhar Insurance held on 2077 magh 9 BS had passed a resolution to issue the right shares at that rate.