Paid up capital of Gurans Life to reach Rs 89.10 crore; SEBON approves 50% right share issuance of Gurans Life Insurance Company

Securities Board of Nepal has approved the right shares of Gurans Life Insurance Company Limited.

The board has approved the insurance company to issue 29.70 lakh unit right shares to be issued at par value of Rs 100.

Laxmi Capital Market has been appointed as the issue manager of the right share issue.

Currently, the paid up capital of the company is Rs 59.40 crore and after the issuance of 50% right shares the paid up capital of the company will reach Rs 89.10 crore.