Last day to clinch 60% right shares of National Life Insurance; LTP at Rs 1,163
Thu, Jul 5, 2018 12:57 AM on Book Closure, Dividend, Bonus & Rights, Latest, Stock Market,
Today is the last day to clinch 60% right shares of National Life Insurance Company Limited (NLICL).
The book closure of the 10:6 right share is set on Ashadh 22, 2075 i.e. the shareholders holding shares till Ashadh 21, 2075 i.e. today will be eligible to apply for the right shares of NLICL.
NIBL Ace Capital is the issue manager for the right share issue.
The life insurance company will be issuing 99,36,477.50 unit shares at a par value of Rs 100 for its shareholders Shrawan 01, 2075 till Bhadra 04, 2075.
After the adjustment of 60% right shares, the paid up capital of NLICL will stand at Rs 2.64 arba meeting the minimum capital requirement of Rs 2 arba.
The LTP as on Ashadh 20, 2075 was Rs 1,163.
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