Sun Nepal Life Insurance Company Unveils Book Closure Date for 27% Rights Offering
Fri, Apr 11, 2025 8:47 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Sun Nepal Life Insurance Company Limited (SNLI) has unveiled the book closure date for its 27% right shares on 5th Baishakh, 2082. Thus, shareholders who held their shares before Baishakh 04 are eligible for the rights offering.
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.
As of writing, SNLI closed at Rs. 636.07.
