Surya Life Insurance closing 10:7 ratio right issue, eligible investors are requested to apply before banking hour today
Sun, Sep 29, 2019 7:57 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Surya Life Insurance Company Limited (SLICL) is closing the issue of 10:7 ratio 88,74,096 units right share to its shareholders from today (Ashwin 12, 2076). This issue was open since Bhadra 8, 2076. All the eligible investors are requested to apply before banking hour today.
NIC Asia Capital Limited has been appointed as the issue manager for the issue.
Care Rating Nepal Limited has assigned grading of ‘CARE-NP IPO Grade 4’ to the proposed Rights Share Issue of Surya Life Insurance Company Limited (SLICL). SLICL proposes 70% rights share issue of 8.8741 Million equity shares of face value of Rs.100 each at par aggregating Rs.887.41 Million.
The book closure date for right issue was on Shrawan 29, 2076. Investors holding shares of the company till Shrawan 28, 2076 will be eligible to apply for the right shares of the company.
After the issuance of the right share, the paid-up capital of the company will reach to Rs 2.151 billion.
