Today is the Last Day to Apply for Sun Nepal Life Insurance Right Shares

Today (Asar 3) is the final day to apply for the right shares issued by Sun Nepal Life Insurance Company Limited. The company had opened the right share issue from Baisakh 30.

Initially, the application deadline was set for Jestha 19. However, due to insufficient applications within the given period, the deadline was extended to Asar 3.

As per the approval from the Securities Board of Nepal (SEBON), the company issued a total of 10,696,320 right shares at a face value of NPR 100 per share in the ratio of 1:0.27.

The company had already announced a one-day book closure on Baisakh 5. Therefore, only shareholders listed till Baisakh 4 are eligible to apply for the right shares.

Nepal SBI Merchant Banking Limited is the issue and sales manager for this right share offering.