Kathmandu. Sun Nepal Life Insurance Company has fixed the date of book closure for the purpose of issuing right shares.
The company has decided to close the book for one day on April 15 to issue the right shares. This means that the shareholders will be able to apply to buy the right shares of this company till April 15.
1:0 of the company’s current paid-up capital. The Securities Board of Nepal has given permission to issue 27 percent right shares.
The company will now issue a total of 10,696,320 units of right shares to its shareholders at a face value of Rs 100 each.
At present, the paid-up capital of the company stands at Rs 3.96 billion. After the right sale, the paid-up capital of the company will reach Rs 5.03 billion. Which will be more than the minimum 5 billion rupees set by the regulatory body Nepal Insurance Authority for life insurers.
Nepal SBI Merchant Banking is the right sale manager of Sun Nepal Life.
