Book closure for 160% right shares of Prime Life Insurance on Falgun 17; LTP at Rs 1709
Sun, Feb 18, 2018 12:15 PM on Latest, Featured, Book Closure, Stock Market,

Prime Life Insurance Company Limited (PLIC) has published the book closure date for upcoming 160% right shares.
As per the notice published in NEPSE today, the insurance company has set the book closure date on Falgun 17, 2074. Thus, only those shareholders holding their shares till Falgun 16, 2074 i.e. one day ahead of the book closure date are eligible to apply for the right shares.
Securities Board of Nepal (SEBON) had given final approval to issue 160% right shares of Prime Life Insurance Company Limited (PLIC) on Magh 28, 2074.
Now, PLIC will be issuing 97,63,200 units right shares worth Rs 97.63 crore to its existing shareholders at a face value of Rs 100 per share.
Siddhartha Capital Limited has been assigned as the issue manager for right share issue.
Its paid up capital will reach to Rs 1.58 arba after 160% right share adjustment from existing Rs 61.02 crore. To meet the capital requirement of Rs 2 arba till the end of Ashad 2075, it should further hike its capital by Rs 41.34 crore (around 26.06%).
It had posted net profit of Rs 11.51 crore in the second quarter of the FY 2074/75.
Its LTP stood at Rs 1709 as of last trading day.