Prime Life Insurance Company Limited (PLIC) is issuing 1:1.6 (160%) right shares equivalent to 9,763,200 units worth Rs 976.3 million (Rs 97.63 crores) to its existing shareholders at a face value of Rs 100 per share for 35 days starting from Sunday 11th March 2018 (27th Falgun 2074) till Sunday 15th April 2018 (2nd Baishakh 2075).
The book closure date for this right issue is on Thursday 1st March 2018 (17th Falgun 2074). That means, only the shareholders registered one trading day ahead of this book closure date, i.e., Wednesday 28th February 2018 (16th Falgun 2074) are eligible to apply for the right shares.
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