Surya Life Insurance’s 40% right share added in SEBON pipeline for approval

Surya Life Insurance Company Limited (SLICL) has been added in the SEBON pipeline to request for approval for the issuance of 10:4 (40%) right share. Surya Life Insurance is seeking approval to issue 28,87,500 shares to be floated at a face value of Rs 100 per share. NIC Asia Capital Limited has been appointed as the issue manager. SLICL has earned net profit of Rs 5.228 crore in its 1^st quarter of the fiscal year 2074/75. After the issuance of 40% right shares, its paid-up capital will reach Rs 94.50 crore. Currently, its paid-up capital is Rs 65.625 crore.