Last day to apply 25% (12.50 lakh unit) Right Share of Surya Life Insurance

Existing shareholders have one more day left to file for 4:1 (25%) ratio right shares of Surya Life Insurance Company Limited (SLICL). The insurance company has been issuing right shares from Shrawan 20, 2073 and today is the closing day for the same. Suryalife Insurance is issuing a total 12, 50,000 unit right shares at the face value of Rs 100. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Ashad 28, 2073 would be eligible to apply for the right shares. Laxmi Capital Markets limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from any branch of Suryalife Insurance Company as well as from Laxmi Capital located at New Baneswor, Kathmandu. After the adjustment of the rights shares, the insurance company total paid-up capital will reach to Rs 62.50 crore from the existing Rs 50 crore. The company has authorized capital of Rs 2 arba. Its public-promoter share structure stand at 70:30 ratio. Surya Life Insurance had earned a net profit of Rs. 2.83 crore in the fourth quarter of the current fiscal year. Its last traded price stood at Rs 908 as on September 6, 2016.