22 insurance companies qualified for trading by stock dealers; NRIC eliminated
Summary
Nepal Stock Exchange has updated its list of 110 companies eligible for trading by licensed stock dealers for fiscal year 2082/83, removing Nepal Re-Insurance Company and adding four new insurance companies.
Key Points
- Nepal Re-Insurance Company Limited has been eliminated from the list of companies eligible for stock trading by licensed dealers for fiscal year 2082/83.
- Four new insurance companies—Himalayan Reinsurance Limited, Sun Nepal Life Insurance Limited, Prabhu Mahalaxmi Life Insurance Limited, and Citizen Life Insurance Company Limited—have qualified for trading.
- The list of eligible companies was released by Nepal Stock Exchange complying with Securities Stock Dealer Operation Guidelines, 2077.
- Criteria for qualification include profitability over three years, at least 10,000 shareholders, paid-up capital above 20 crore, and trading on 80% of trading days in the last year.
