Nepal Micro Insurance Company allocates 225,000 shares to Nepalis Abroad

KATHMANDU: Nepal Micro Insurance Company issued 225,000 units of shares on February 11 2025 for Nepalis residing and working abroad, who have obtained a labour permit from the relevant body of the Government of Nepal.

The company offered 225,000 units of general shares at Rs 100 per share, equivalent to 30% of its issued capital of Rs 750 million. This allocation is part of a total of 2.25 million units of general shares, valued at Rs 225 million, which were made available for sale from  January 21 to February 4 for Nepali migrants abroad.

Out of the 45,906 applications received, 22,500 applicants were allotted shares on February 11 at the premises of the Issuance and Sale Manager, NIMB Ace Capital, in accordance with the provisions of the “Securities Issuance and Bond Allotment Guidelines, 2074”.