Surya Life Insurance to issue 70% right shares for its shareholders; AGM endorsing 12% bonus shares to be convened on Ashadh 32
Sun, Jun 24, 2018 6:04 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Surya Life Insurance Company Limited (SLICL) is issuing 70% right shares for its shareholders.
As per the notice published in NEPSE, the right share will be issued in the total capital of Rs 1.13 arba (which includes the ongoing 40% right issue and bonus of 12%).
After the issuance of 70% right share, the paid up capital of the life insurance company will reach Rs 1.92 arba. It will have to raise about Rs 8 crore to meet the minimum capital requirement of Rs 2 arba.
The issuance of right shares is subject to approval from the upcoming AGM for the fiscal year 2073/74.
The AGM is scheduled to be convened on Ashadh 32, 2075. For the purpose of the AGM, the shareholders register book will be closed from Ashadh 17 till Ashadh 23, i.e the shareholders holding shares till Ashadh 16 will be eligilble to participate in the AGM. The meeting will be convened in the premises of the Company's registered office.
