Kathmandu. Sun Nepal Life Insurance Company Limited is going to open the issue and sale of right shares from today (Baishakh 30). The company is going to issue 27 percent of the current paid-up capital.
The company is going to issue right shares in the ratio of 0.27 new shares for 1 share. The company will issue 1696,320 shares 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. The company has stated that shareholders who have traded on the Nepal Stock Exchange (NEPSE) till Baisakh 4 can apply for the right shares.
Applications for the company’s right shares can be made till Jestha 19. The company’s share issuance and sale manager is Nepal SBI Merchant Banking Limited. Shareholders can apply from the sale manager as well as the central and regional offices of Sun Nepal Life Insurance, the company has stated.
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