SEBON grants approval to issue 97.63 lakh unit right shares of Prime Life Insurance

Securities Board of Nepal has provided final approval to Prime Life Insurance Limited for the issuance of 160% right shares. Prime Life had applied to SEBON on Magh 25, 2074 for the issuance of 97,63,200 unit right shares worth Rs 97.63 crore. Siddhartha Capital Limited has been appointed as the issue manager for the purpose. The current paid up capital of the company stands at Rs 61.02. It has also proposed 12.50% bonus from the profit of FY 2073/74. And after the adjustment of both the bonus and right share its paid up capital will reach Rs 1.78 arba. PLIC has earned Rs 11.51 net profit in the second quarter of FY 2074/75, registering an EPS of 37.76.