Kathmandu. Sun Nepal Life Insurance Company Limited is going to open the issue and sale of right shares from April 15. The company currently has 27 percent of its paid-up capital i.e. 1 unit of shares. The issue of right shares is being issued in the ratio of 27 units.
Accordingly, the company will issue 10,696,320 units of right shares with a face value of Rs 100 per share worth Rs 1.06 billion.
The company had closed the book for the purpose of issuing shares #हकप्रद inline_tags_PLACEHOLDER_4##inline_tags_PLACEHOLDER_3#. According to this, the shareholders who have been traded in NEPSE till April 15 can apply for the right shares.
Care Ratings Nepal has given Care NP Triple B Issuer rating to the insurance company. This indicates that the ability to handle financial obligations on time is of an average level. Applications can be made for the right shares till May 30.
Nepal SBI Merchant Banking Limited is the issue manager of the insurance company. Shareholders can apply from the sales manager as well as the central and regional offices of Sun Nepal Life Insurance. Similarly, banks and financial institutions participating in the ASWA service can also apply through the CASWA system after obtaining permission from the Securities Board of Nepal.
