4.54 Crores Shares of Newly Merged SuryaJyoti Life Insurance Listed in NEPSE; What is the Opening Price Range?
Tue, Jan 24, 2023 4:10 PM on Latest, Share Listed, Merger/Acquistion,
4,54,55,721 shares of SuryaJyoti Life Insurance Company Limited (SJLIC) have been listed in NEPSE.
Surya Life Insurance Company Limited and Jyoti Life Insurance Company Limited merged with each other in a ratio of 1:0.8245. The BOD meeting of the companies also passed a resolution regarding carrying out the name of the company under "SuryaJyoti Life Insurance Company Limited" after the completion of the merger.
Likewise, a total of 4,54,55,721 shares of the company can be transacted in Nepal Stock Exchange (NEPSE) in accordance with the Securities Listing Regulations, 2075. The Opening Price Range is set as Rs. 371.59 for the first transactions of the company. Also, the share trading of SJLIC which had been halted due to the merger procedure shall be resumed from tomorrow.
