National Life Insurance to issue 60% right shares from today; Paid up capital to reach Rs 2.64 arba

National Life Insurance Company Limited (NLICL) is issuing 99,36,477.50 unit shares at a par value of Rs 100 for its shareholders Shrawan 01, 2075 i.e.today till Bhadra 04, 2075.

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.

The LTP as on Ashadh 32, 2075 was Rs 799.