LIC Nepal appoints Nepal SBI Merchant Banking as issue manager to float its right shares; life insurance company to float 2.34 crore unit shares to existing shareholders
Tue, Jan 31, 2023 10:48 AM on Latest, Dividend, Bonus & Rights,
Life Insurance Corporation Nepal (LICN) has appointed Nepal SBI Merchant Banking as the issue manager for the issuance of its ordinary shares to the existing shareholders as right shares.
The company is floating its shares in the ratio of 1: 0.8845168 totals to 2.34 crore unit shares worth Rs 2.34 arba.
The agreement was signed between CEO of the life insurance Mr. Laxmi Prasad Das and CEO of the merchant banker Mr. Dev Raj Adhikari amid a program on Magh 16, 2079, as per the media statement.
