LIC Nepal Appoints SBI Merchant as Issue Manager

Jan 30, 2023 03:09 PM Merolagani

Life Insurance Corporation Nepal (LICN) has appointed SBI Merchant Banking as its issue manager.

The insurance company appointed SBI Merchant Banking as the issue manager to issue the right shares.

The company is issuing 88.4516 percent right shares of its paid-up capital. It will issue 1:088451 units of shares to its existing shareholders.

Currently, the company has a paid-up capital of Rs 2.65 billion that will reach Rs 4.98 billion after the right issue.


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