Asian life insurance announces book closure date for its upcoming 60% right shares
Fri, Feb 22, 2019 7:11 AM on Dividend, Bonus & Rights, Latest, Stock Market, Book Closure,
Asian Life Insurance Company Limited (ALICL) has published a book closure date for its upcoming 1:0.6 (60%) right shares issue on falgun 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.