Offer Letter Published for "Sun Nepal Life Insurance Company"; Right Shares Issue Opens from Baishakh 30
Fri, Apr 25, 2025 9:21 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Sun Nepal Life Insurance Company Limited (SNLI) has published an offer letter for the issuance of its 27% 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 1:0.27 or 27% from 30th Baishakh to 19th Jestha, 2082.
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 adjusting 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.
The 5th Baishakh was the book closure date. Thus, investors who maintained before that day are eligible to apply for the shares.
