Final Day to Apply for Auction Shares of San Nepal Life Insurance

Kathmandu – Today (30th Ashar) is the final day to apply for the unsold rights shares of San Nepal Life Insurance Company Limited that were brought for sale through auction starting from 23rd Ashar.

Earlier, the company had issued 10,696,320 units of rights shares in the ratio of 1:0.27 at a face value of NPR 100 per share between 30th Baisakh to 3rd Ashar. Only those shareholders who held shares until 4th Baisakh were eligible to apply. The allotment of those rights shares was completed on 12th Ashar.

Out of the total issued rights, 224,728 units remained unsubscribed and are now being sold via auction. Of these, 80,222 shares belong to the promoter group (which are under a lock-in period), while 144,506 shares fall under the public category, including 4,049 shares also under a lock-in restriction.

Interested investors must place their bids by the end of today.