70% right shares of Surya Life Insurance Company Limited (SLICL) has been added in SEBON's pipeline for approval.
The life insurance company will be issuing 79,23,300 unit shares for its shareholders.
NIC Asia Capital Limited has been appointed as the issue manager for the right issuance.
After the issuance of 10:7 right shares, the paid-up capital of the company will reahc Rs 1.92 arba. The company will require to raise its capital by Rs 8 crore to reach the minimum requirement of Rs 2 arba.