Siddhartha Insurance (SIL) has started issuing 35 percent right shares from July 1 to August 5. The company is issuing 2,244,973.50 units of right shares at a ratio of 10:3.5 to its existing shareholders as per the decision of 16th AGM held on November 15, 2017.
The company closed its book on May 15 for the right issue, thus, the shareholders registered in its book by May 14 are eligible to claim the right shares.
The company has appointed NMB Capital as its issue manager.
Source: merolagani.com
