Kathmandu. Today is the last day to secure the right shares of Sun Nepal Life Insurance Company.
The company has decided to close the book for one day on April 15 to issue right shares. Its shareholders will be able to apply to buy the right shares of this company till Today.
The company has received approval from the Securities Board of Nepal to issue 27 percent right shares in the ratio of 1:0.27 of the current paid-up capital.
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.
