Deadline Extended for 1:0.27 Right Offering of Sun Nepal Life Insurance Company
Mon, Jun 2, 2025 8:58 AM on Dividend, Bonus & Rights, Book Closure, Latest,
Sun Nepal Life Insurance Company Limited (SNLI) has extended the deadline for its ongoing rights offering. Initially opened on 30th Baishakh, 2082, the issue was scheduled to close on 19th Jestha, 2082. However, as per the latest notice, the rights offering will now remain open until 3rd Ashadh, 2082.
The company will 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 is 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.
According to the CDSC, 3,68,545 applicants applied for 48,07,536 units of right shares, equivalent to Rs. 48.07 crores. This data is as of 5 pm yesterday.
Nepal SBI Merchant Banking Limited is appointed as the issue manager.
The book closure date was 5th Baishakh. Thus, shareholders maintained before that day are eligible for the rights offering.
