Kathmandu. Sun Nepal Life Insurance Company Limited is going to open the issue and sale of right shares from Baisakh 30. The company is going to issue right shares in the ratio of 27 percent of the current paid-up capital, i.e. 1 new share equal to 0.27 shares.
Accordingly, the company will issue 1 crore 696 thousand 320 units of right shares with a face value of Rs 100 per share, equivalent to Rs 1.696 billion. The company had closed its books on Baisakh 5 for the purpose of issuing right shares. Accordingly, the company has stated that shareholders who have traded on Nepse till Baisakh 4 can apply for the right shares.
Applications for right shares can be made till Jestha 19. The insurance company’s share issuance and sale manager is Nepal SBI Merchant Banking Limited.
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