Surya Life Insurance issues 40% right shares from today; Paid up capital to reach Rs 1.01 arba after adjustment

Mon, May 14, 2018 11:06 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Surya Life...

Today is the opening day for the 40% right share issue of Surya Life Insurance Company Limited. The issue will last till Asadh 3, 2075.

The life insurance comapny is issuing 28,87,500 unit right shares at par value of Rs 100.

NIC Asia Capital Limited has been appointed as the issue manager.

The interested shareholders can collect form from NIC Asia Capital or from the designated branches of Surya Life Insurance Company.

The book closure date for the right share issuance was on Baisakh 04, 2075 i.e. the shareholders holding the shares till Baiskah 03 can apply for the right shares.

SLICL’s current paid up capital is Rs 72.18 crore. After the issuance of 40% right shares, the company’s paid up capital will reach Rs 1.01 arba.