Only 5 days left to clinch the right shares of Siddhartha Insurance; Book closure on Jestha 1; LTP at Rs 1,009

Siddhartha Insurance Limited (SIL) has announced book closure for the issue of 35% right shares to its shareholders.

As per the notice published today, the book closure date for the right share has been set on Jestha 1, 2075 i.e. the shareholders holding the shares of the company till Baishakh 31, 2075 will be eligible to receive the right shares. Hence, only 5 days left to clinch 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.

Its LTP stands at Rs 1,009 as of last day.