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

Kathmandu – Today marks the final day for investors to secure eligibility for the upcoming right share issuance of Sun Nepal Life Insurance Company Limited. The company’s shareholder book will close tomorrow on Baisakh 5 (April 18), making today the cut-off date for purchasing shares that qualify for the rights offering.

As per the approval granted by the Nepal Securities Board, Sun Nepal Life Insurance will issue 10,696,320 units of right shares at a face value of Rs 100 per share. The offering will follow a 1:0.27 ratio, meaning shareholders will be eligible to apply for 27 right shares for every 100 shares they currently hold.

While the record date has been confirmed, the actual issuance date for the right shares is yet to be announced. Nepal SBI Merchant Banking Limited has been appointed as the issue and sales manager for the offering.

Investors listed with the Nepal Stock Exchange (NEPSE) as shareholders by the end of trading today will be eligible to apply for the right shares once the issuance begins.