Surya Life allots 70% right shares to its shareholders; Around 3.09 lakh units unsubscribed shares to be auctioned soon
Thu, Oct 24, 2019 11:21 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Surya Life Insurance Company Limited (SLICL) has published a notice today informing the allotment of the right shares. Similarly, applicants applying for more units then their rightful limit have not been allotted and the amount of the non-allottees will be refunded via IPS from Kartik 13, 2076 Wednesday.
SLICL had issued 10:7 ratio 88,74,096 units right share to its shareholders. The issue had closed on Ashwin 12, 2076.
NIC Asia Capital Limited has been appointed as the issue manager for the issue.
According to the issue manager, a total of 3 lakh 9 thousand 302 units have remained unsubscribed, from which around 27 thousand units belong to the promoter group and remaining 2.81 lakh units belong to ordinary shareholders group. The officer informed us that the auction will be opened very soon, most probably within this Saturday.
After the issuance of the right share, the paid-up capital of the company will reach to Rs 2.151 billion.
