Sun Nepal Life Completes Right Share Allotment

Kathmandu – Sun Nepal Life Insurance Company Limited has successfully completed the allotment of its right shares issued for sale from Baisakh 30 to Ashar 3 (May 13 to June 17). The company had offered a total of 1,696,320 right shares at a face value of Rs 100 per share in a 0.27:1 ratio to its shareholders listed on the Nepal Stock Exchange (NEPSE) as of April 4.

According to the allotment results, a total of 1,471,592 right shares have been distributed among 390,250 shareholders who applied within the given period.

The allotment process was conducted on Ashar 12 (June 26) in the joint presence of the company and Nepal SBI Merchant Banking Limited, the designated issue and sales manager for the offering.

Following the allotment, 224,728 units of right shares remain unsubscribed. As per standard practice in the capital market, these remaining shares are expected to be auctioned publicly in the coming days, allowing interested investors to acquire them.