Sun Life to Issue Right Shares, Book Closure Date Announced

April 11th, 2025

Kathmandu – Sun Nepal Life Insurance Company Limited has announced its book closure on Baisakh 5 (April 18) for the purpose of issuing right shares. The company has stated that only shareholders who own its ordinary shares by Baisakh 4 (April 17) will be eligible to apply for the upcoming right share offering.

The right share issuance was approved earlier by the Securities Board of Nepal (SEBON), allowing the company to issue a total of 10.696 million units at a face value of Rs 100 per share. The issuance will be conducted in a ratio of 1:0.27, meaning shareholders will be entitled to 27 right shares for every 100 shares they hold.

While the company has finalized the book closure date, it has not yet announced the specific date for the actual issuance of the right shares. Nepal SBI Merchant Banking Limited has been appointed as the issue manager and underwriter for the offering.

Your Comment

Your email address will not be published. Required fields are marked *


*


Recommended for you

Insurance Companies Begin Partial Payouts After Tinkune Incident, Majority Yet to Compensate

Global Economic Losses in Q1 Hit $83 Billion in 2025, Insured Catastrope Losses Reach $38 Billion: Aon Report

Neco Insurance to Auction Unallocated Right Shares

Insurance Awareness Program Held in Tamankhola, Baglung

Sun Nepal Life Insurance Right Share Price Adjusted on NEPSE

Surge in Personal Home Loans, Banks Compete with Attractive Schemes

Health Ministry Initiates Protocol Reform to Eliminate Duplication in Insurance-Based Treatment

Teacher’s Protest in Kathmandu Continues But Who Are the Silent Victims?

Last Day to Secure Sun Nepal Life Insurance’s Right Shares

Survey Reveals Almost Half of Indians Are Unaware of Term Insurance

Commercial Banks’ Non-Banking Assets Surge by 80 Percent in First Eight Months of FY

Guardian Micro Life Insurance Barred from Issuing Right Shares Amid Regulatory Scrutiny