SNLI Sun Nepal Life Insurance Opens Rights Share Issue from Today

SNLI Sun Nepal Life Insurance Company Limited has officially opened the issuance and sale of its rights shares starting today, Baisakh 30. As per the approval received from the Securities Board of Nepal (SEBON), the company is issuing a total of 10,696,320 units of rights shares in the ratio of 1:0.27 at a face value of NPR 100 per share.

Earlier, the company had conducted a book closure on Baisakh 5, meaning only those shareholders who were on record by Baisakh 4 are eligible to apply for the rights offering. The application window will remain open until Jestha 19.

The rights issue is being managed by Nepal SBI Merchant Banking Limited, which is acting as the issue and sales manager.

This rights issuance is aimed at strengthening the company’s capital base, and it is expected to support future business expansion. Eligible shareholders are advised to apply within the given timeframe.

4o