Last day to clinch the right shares of Siddhartha Insurance; Book closure on Jestha 1; LTP at Rs 1,011

Mon, May 14, 2018 10:24 AM on Book Closure, Dividend, Bonus & Rights, Latest, Stock Market,
Last day t...

Today is the last day to clinch the opportunity for the 35% right share of Siddhartha Insurance Limited (SIL).

The book closure of the 10:3.5 right share is set on Jestha 01, 2075 i.e. the shareholders holding shares till Baisakh 31, 2075 will be eligible to apply for the right shares of SIL.

NMB Capital Limited has been appointed as the issue manager for the right share issuance.

The insurance company will be issuing 22,44,973.50 unit right shares for its shareholders. The paid-up capital of the company will reach Rs 86.59 crore after the adjustment of right shares.

The LTP as on Baisakh 27, 2075 was Rs 1,011.