Offer Letter Published for "Asian Life Insurance Company "; Right Shares Issue Opens from Ashad 25

Asian Life Insurance Company Limited (ALICL) has published an offer letter for the issuance of its 42% rights shares.

According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio of 1:0.42 or 42% from 25th Ashad to 13th Shrawan, 2082.

The company will be issuing 42% right shares worth Rs. 1.42 Arba through the issue of 1,42,79,312.48 (1: 0.42) units of right shares to its existing shareholders. The current paid-up capital of Rs. 3.39 Arba. After the adjustment of the proposed right share i.e. 1,42,79,312.48 units, the paid-up capital of the company will increase to Rs. 4.81 Arba.

Muktinath Capital Limited is appointed as the issue manager.

16th Jestha, 2082 was the book closure date. Thus, investors maintained before that day are eligible to apply for the shares.

Offer Letter: