Shareholders of Gurans Life Insurance need to wait some more time for 100% right shares; NMB Capital decides to postpone the issue sighting the Coronavirus  lockdown

Thu, Apr 2, 2020 8:25 AM on Dividend, Bonus & Rights, Latest,

NMB Capital, the issue manager to issue 100% right shares of Gurans Life insurance has published a notice informing the shareholders that it has decided to postpone the right share application process until further notice.

It was initially decided that the merchant bank would begin the issue from Chaitra 20, 2076 for the eligible shareholders. However, the lockdown was swiftly enforced by the federal government forcing the issue to be postponed until the further notice.

Therefore, the merchant bank has decided to begin the application process only after the present turmoil comes to an end, as per the media statement.