Proposed 70% right shares of Surya Life Insurance Company added to SEBON pipeline; total of 8.87 Million units to be issued
Thu, Jul 25, 2019 2:10 PM on Dividend, Bonus & Rights, External Media, Latest,
In the latest list of right shares in pipeline published by the Securities Exchange Board of Nepal (SEBON), proposed right shares of Surya Life Insurance Company Limited (SLICL) have been reviewed and comment has been sent.
Surya Life Insurance Company (SLICL) has proposed to issue 70% right shares worth Rs.88.74 Crore through issue of 8,874,096 units of shares at par value. NIC Asia Capital Limited has been appointed as the issue manager for the same. Paid up capital of SLICL as of the third quarter stands at Rs.1.13 Arba.
CRNL has assigned grading of ‘CARE-NP IPO Grade 4’ to the proposed Rights Share Issue of Surya Life Insurance Company Limited (SLICL).
