The Securities Exchange Board of Nepal (SEBON) has placed the right shares of Sun Nepal Life Insurance Company Limited (SNIL) under preliminary review. The application was filed on Ashadh 23, 2081.
Sun Nepal Life Insurance plans to issue 27% right shares, totaling Rs. 1.06 Arba, with 10,696,320 units (1:0.27 ratio) allocated to existing shareholders. The company’s current paid-up capital is Rs. 3.96 Arba, which will rise to Rs. 5.02 Arba following the new issue.
Nepal SBI Merchant Banking Limited has been appointed as the issue manager.
SEBON has also placed the right shares of Nepal Insurance Company Limited (NICL) under preliminary review. This application was submitted on Ashadh 24, 2081.
Nepal Insurance Company intends to issue 40% right shares, valued at Rs. 65.76 Crores, with 6,576,937.76 units (1:0.40 ratio) offered to existing shareholders. The company’s current paid-up capital stands at Rs. 1.63 Arba, which will increase to Rs. 2,30,19,38,716 after the new issue.
NIMB Ace Capital Limited has been appointed as the issue manager.
About Sun Nepal Life Insurance Company Limited (SNIL)
Sun Nepal Life Insurance Company Limited (SNIL) is a leading insurance provider in Nepal, dedicated to offering comprehensive life insurance solutions to meet the diverse needs of its customers. Established with a commitment to excellence, SNIL provides a range of products, including term life, endowment plans, and pension schemes, tailored to ensure financial security and peace of mind for individuals and families.
About Nepal Insurance Company Limited (NICL)
Nepal Insurance Company Limited (NICL) is one of Nepal’s oldest and most trusted insurance providers, offering a wide array of insurance products designed to safeguard individuals and businesses against various risks. Founded with the vision of delivering reliable and effective insurance solutions, NICL provides comprehensive coverage in areas such as life, health, property, and motor insurance.
