National Life's 60% right issue to close today; Paid-up capital to reach Rs 2.64 arba
Tue, Sep 4, 2018 7:17 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Today is the last day to apply for the 60% right shares of National Life Insurance Company Limited (NLICL).
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.
