Surya Life Insurance Company to float 70% right shares for shareholders. It has appointed NIC Aisa Capital Limited as issue manger for right shares.
It had issued 40% right share few month ago. But again the insurance company is going to issue 10:7 right shares to meet Capital requirement by Beema Samiti of Rs. 2arba for Life Insurance Company.
The agreement paper of issue management is signed by CEO of Capital, Mr Jhanakraj Dungel and CEO of Surya Life, Mr. Shivanath Pandey.
Its paid up capital is Rs.1.09 arba. It had reported Rs.12.15 crore as net profit in fourth quarter of FY2074/75.
