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NB Insurance Enters D-Mat system

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NB Insurance Enters D-Mat system
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April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the purpose. 

On behalf of their respective organizations, Ugesh Bhakta Bade Shrestha, Acting CEO of NB Insurance and Dev Prakash Gupta, CEO of CDSC signed the agreement.

Similarly, Paras Mani Dhakal, CEO of Global IME Capital signed the agreement as the share registrar. After the agreement, shareholders of NB insurance will have to dematerialised their shares. NB Insurance’s shareholders have to apply for d-mating of their shares in the assigned DP (deposit collectors).

 

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