Right Shares of Sun Nepal Life Insurance And Nepal Insurance Company Added in SEBON Pipeline

The Securities Exchange Board of Nepal (SEBON) has added the right shares of Sun Nepal Life Insurance Company Limited (SNIL) to its pipeline under preliminary review. The application was submitted to the board on Ashadh 23, 2081.

The insurance company is looking to issue 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 the company is Rs. 3.96 Arba. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 5.02 Arba.

Nepal SBI Merchant Banking Limited is appointed as the issue manager.

The Securities Exchange Board of Nepal (SEBON) has added the right shares of Nepal Insurance Company Limited (NICL) to its pipeline under preliminary review. The application was submitted to the board on Ashadh 24, 2081.

The insurance company is looking to issue 40% right shares worth Rs. 65.76 Crores through the issue of 6,576,937.76 (1: 0.40) units of right shares to its existing shareholders. The current paid-up capital of the company is Rs. 1.63 Arba. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 2,30,19,38,716.

NIMB Ace Capital Limited is appointed as the issue manager.