SEBON approves 60% right shares of National Life Insurance; Paid up capital to reach Rs 2.64 arba after issuing 99.36 lakh unit right shares
Sun, May 20, 2018 5:52 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Securities Board of Nepal (SEBON) has approved 60% right shares of National Life Insurance Company Limited (NLICL).
The life insurance company will be issuing 99,36,477.50 unit right shares for its shareholders at a par value of Rs 100.
NIBL Ace Capital has been appointed as the issue manager for the right share issue.
After the issuance of 10:6 right shares, the total paid up capital of the company will stand at Rs 2.64 arba.
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