Life Insurance Corporation Nepal Limited Unveils Book Closure Date for 88.45% Rights Offering
Wed, Oct 16, 2024 9:26 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Life Insurance Corporation Nepal Limited (LICN) has unveiled the book closure date for its 88.45168% right shares on 9th Kartik, 2081. Thus, the shareholders maintained till Kartik 8 are eligible for the rights offering.
The company will be issuing 88.45168% right shares worth Rs. 99 crore through the issue of 2,34,68,000 (1: 0.8845168) units of right shares to its existing shareholders. The current paid-up capital of Rs. 2.65 Arba. After the adjustment of the proposed right share i.e. 2,34,68,000, the paid-up capital of the company will increase to Rs. 5 Arba.
Nepal SBI Merchant Banking Limited is appointed as the issue manager.
As of writing, LICN closed at Rs. 2,101.00.
