Right Alert! Issue of 1:0.8845 Right Shares of Life Insurance Corporation Nepal Limited Opening from Today
Wed, Nov 27, 2024 9:46 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Life Insurance Corporation Nepal Limited (LICN) is opening the issue of a 1:0.8845168 ratio of right share to its shareholders at a par value of Rs. 100 from today i.e. on 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 adjusting the proposed right share i.e. 2,34,68,000, the company's paid-up capital will increase to Rs. 5 Arba.
Nepal SBI Merchant Banking Limited has been appointed as the issue manager for this right issue.
9th Kartik was the book closure date. Thus, the shareholders maintained before that day are eligible for the rights offering.
