Nepal Life Insurance becomes 16th listed company to demat stocks

Nepal Life Insurance Company (Nepse-NLIC) has become the 16^th listed company to dematerialise its stocks at the CDS and Clearing Ltd today.

CDSC executive office Subodh Sharma Sigdel and Nepal Life Insurance chief executive Bibek Jha today signed an agreement to dematerialise the life insurance company's per unit Rs 100 paid up capital worth 63,75,000 units of stock, according to the CDSC that has already dematerialised 15 Nepse-listed comnpanies' stocks.   

Nepal Life Insurance had applied to the CDSC on November 1 to demat its stocks for the easier trading and transfer of the stocks through the CDSC.

The life insurance company has also been provided International Securities Indentification Number (ISIN). Nepal Life Insurance got NPE209A00004 as its ISIN.