Kathmandu. Applications can be made for the right shares of Sun Nepal Life Insurance Company till June 30. As the application was not received as per the demand, the last date for submission of application was June 15, but it has been extended till June 30.
The company has opened the sale of right shares from May 15. The company currently has 27 percent of its paid-up capital i.e. 1:0. The sale of right shares has been opened in the ratio of 27. The company has issued a total of 10,696,320 units of right shares at a face value of Rs 100 each.
Shareholders of the company can apply from the securities sales manager Nepal SBI Merchant Banking as well as the central and regional offices of Sun Nepal Life Insurance, while the banks and financial institutions participating in the ASBA service can also apply through the C-ASBA system.
The company had closed the book on April 15 to issue the right shares. This means that shareholders can apply for this right share till April 30.
