Book closure date for 70% right shares of Surya Life Insurance tomorrow; last day to hold shares to be eligible for the issue

Book closu...

Today is the last day to hold shares of Surya Life Insurance Company Limited (SLICL) to be eligible to apply for 70% right shares of the company.

Surya Life Insurance Company Limited (SLICL) is issuing it's 10:7 ratio 88,74,096 units right share to its shareholders from 8th Bhadra to 12th Ashwin, 2076.

NIC Asia Capital Limited has been appointed as the issue manager for the issue.

CRNL has assigned grading of ‘CARE-NP IPO Grade 4’ to the proposed Rights Share Issue of Surya Life Insurance Company Limited (SLICL). SLICL proposes 70% rights share issue of 8.8741 Million equity shares of face value of Rs.100 each at par aggregating Rs.887.41 Million.

As per the notice published by NEPSE, the book closure date for this purpose is on 29th Shrawan, 2076 i.e. tomorrow.

After the issuance of the right share, the paid up capital of the company will reach to Rs.2.151 Billion.