40% right issue of Surya Life insurance commences from today ; Check your eligibility here

10:4 right issue of Surya Life Insurance is commencing from today and is scheduled to end on 3rd Ashad, 2075. 

The company is issuing 28,87,500 unit right shares at a face value of Rs 100. Surya Life had set 4th Baisakh, 2075 as the book closing day for the stated purpose. Shareholders having the shares at the time of bookclose are eligible for the right

NIC ASIA Capital has been appointed as the issue manager for the issue. ICRA Nepal has assigned IPO Grade 4 rating to the proposed issue. 

Eligible shareholders can easily apply using "meroshare".

Right shares eligibilty can be checked here : Surya Life Insurance Right Eligibilty Check

Surya Life Insurance has a paid up capital of Rs 72.18 crores. The issuance of 40% right shares will hike the companys' capital to Rs 1.01 arba. SLICL further needs (around 100%) Rs 100 crores to meet the capital requirement of Rs 2 arba.