27% Right Shares of Sun Nepal Life Insurance Company Approved By SEBON

Tue, Mar 18, 2025 10:10 AM on Latest, Dividend, Bonus & Rights,

The Securities Board of Nepal (SEBON) has approved the rights offering proposal of Sun Nepal Life Insurance Company Limited (SNLI).

The company will be issuing 27% right shares worth Rs. 1.06 Arba through the issue of 10,696,320 (1: 0.27) units of right shares to its existing shareholders.

The current paid-up capital of Rs. 3.96 Arba. After the adjustment of the proposed right share i.e. 10,696,320 units, the company's paid-up capital will increase to Rs. 5.03 Arba.

Nepal SBI Merchant Banking Limited is appointed as the issue manager.

As of writing, SNLI closed at Rs. 693.00.