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Sun Nepal Life sets book close date for rights issue

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Kathmandu. Sun Nepal Life Insurance has set a book close date for the sale of right shares.

The company has decided to close the book for the sale of right shares on April 5. Accordingly, only shareholders who remain in office until April 4 will be able to apply for its right shares.

The Nepal Securities Board has already granted permission to the company to sell 16,96,320 units of right shares in the ratio of 1:0.27. The company will issue right shares worth Rs 1.696 billion at a rate of Rs 100 per share.

Currently, the paid-up capital of the company is Rs 3.961 billion. The sale manager is Nepal SBI Merchant Banking.

 

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