Sun Nepal Life Insurance has completed the allotment of its right shares, distributing over 1.04 crore shares to eligible shareholders who applied during the offering period.
Sun Nepal Life Insurance Company Limited has completed the allotment of its recently issued right shares. The offering, which was open from Baisakh 30 to Asar 3, was made available to shareholders registered in the Nepal Stock Exchange (NEPSE) as of Baisakh 4. The company offered a total of 1 crore 6 lakh 96 thousand 320 units of right shares at a face value of NPR 100 per share, in a 1:0.27 ratio.
During the application period, a total of 3 lakh 90 thousand 250 shareholders applied for the right shares. As a result, 1 crore 4 lakh 71 thousand 592 shares were successfully allotted to the applicants.
The allotment process was completed on Asar 12 in the presence of the issue and sales manager, Nepal SBI Merchant Banking Limited. Following the allotment, the company still has 2 lakh 24 thousand 728 units of unsubscribed shares remaining. These leftover shares are typically sold through a public auction process, allowing open participation from interested investors.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
