Last Day to Apply for LIC Nepal’s Right Shares

Kathmandu – Today, January 01, marks the final day for shareholders to apply for the 88.45% right shares issued by Life Insurance Corporation (Nepal) Limited (LIC). The application period, originally set to end on December 17, was extended by 15 days to allow more time for investors. The window will close today after banking hours.

LIC has issued a total of 234.68 million units of right shares, each with a face value of Rs 100, amounting to a total value of Rs 2.346 billion. The company had closed its book for one day on October 25 for the purpose of issuing these right shares, meaning only shareholders who held shares until October 24 are eligible to apply.

Nepal SBI Merchant Banking Limited is serving as the issuance and sale manager for the right shares.