Offer Letter Published for "Life Insurance Corporation Nepal Limited"; Right Shares Issue Opens From Mangsir 12

Life Insurance Corporation Nepal Limited (LICN) has published an offer letter for the issuance of its 88.45% rights shares.

According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio of 1:0.8845168 or 88.45% from 12th Mangsir to 2nd Poush, 2081.

The company will be issuing 88.45168% right shares worth Rs. 99 crores 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 has been appointed as the issue manager.

9th Kartik was the book closure date. Thus, investors maintained before that day are eligible to apply for the shares.

Offer Letter: