Gurans Life Insurance opens right share from today

April 11, 2019 | Investopaper

Gurans Life Insurance is issuing 2:1 right share to the shareholders from today (Chaitra 28, 2075). The shareholders existing until Chaitra 5, 2075 are eligible to apply for the right share.

Related: Upcoming Right Share/Issue In Nepal

The insurance will issue 29.70 lakh units right shares to its shareholders at par value of Rs. 100 per share. The right issue will open until Jestha 1, 2076.

Laxmi Capital Market Limited is the issue manager for the right share of Gurans Life Insurance.

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The current paid-up capital of Gurans Life insurance is Rs. 59.40 crores. The capital will rise to Rs. 93.85 crores after the adjustment of right share and 8 percent bonus share declared by the company. The company will again issue 100 percent right share as proposed on AGM. After the 100 percent right, the capital will increase to Rs. 187.7 crores.

Life Insurance companies are required to meet the paid up capital of Rs. 200 crores.

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