Sun Nepal Life Insurance Company Limited (SNLI) has declared the sale of its remaining right shares—consisting of 80,222 promoter shares and 144,506 ordinary shares—starting from Ashad 23 to Ashad 30, 2082.
The rights were initially offered in a 1:0.27 ratio, meaning 10,696,320 units of right shares from 30th Baisakh to 3rd Ashad, but these units remained unclaimed. According to current regulations, including Directive No. 21 of the Securities Registration and Issuance Regulation 2073, the company has chosen to auction these shares through sealed bids.
Interested individuals, firms, and institutions may present sealed bids within the designated time frame. The minimum bid price per share has been established at Rs. 100.
For promoter shares, a minimum of 1,000 units must be applied for, while ordinary shares necessitate a minimum of 100 units. Applications for promoter shares may be submitted for a total of 80,222 units, and for ordinary shares, up to 144,506 units, adhering to the individual constraints set by the Insurance Board.
