National Life Insurance extends deadline for applying for 60% right shares; Issue to remain open till Bhadra 19

Sun, Aug 19, 2018 8:12 AM on Dividend, Bonus & Rights, Latest,

National Life Insurance Company Limited (NLICL) has extended its deadline for its 60% right shares till Bhadra 19, 2075. 

Initially the issue was open from Shrawan 01 till Bhadra 04.

The life insurance company is issuing 99,36,477.50 unit shares at a par value of Rs 100 for its shareholders.

The book closure of the 10:6 right shares was set on Ashadh 22, 2075 i.e. the shareholders holding shares till Ashadh 21, 2075 are eligible to apply for the right shares of NLICL.

NIBL Ace Capital is the issue manager for the right share issue.

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.