Asian Life Insurance 1:0.6 right shares issue opens from Chaitra 25; paid up to reach Rs 2 arba
Thu, Mar 21, 2019 9:02 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Asian Life Insurance Company Limited (ALICL) will be selling 75,40,352.73 units right shares (1:0.6) ratio to its existing shareholders from Chaitra 25, 2075. The last day for this issue is on Baisakh 29, 2076.
Asian Life Insurance Company Limited has already closed its book for 1:0.6 (60%) right shares issue on Fagun 22, 2075.
The investors who hold the shares till falgun 21 are entitled for the right shares offered by the company.
The life insurance company is issuing right shares in the ratio of 1:0.6 or 60% at par value. The company will be issuing 7,540,352.73 units as right shares to raise a capital worth Rs.75.40 Crore.
NIBL Ace Capital Limited has been appointed as the issue manager.
The current paid up capital of the company is Rs.1.25 Arba which will cross Rs.2 Arba after the proposed issue of right shares.
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