Asian Life Insurance Company Limited Unveils Book Closure Date for 42% Rights Offering

Asian Life Insurance Company Limited (ALICL) has unveiled the book closure date for its 42% right shares on 16th Jestha, 2082. Thus, shareholders who held their shares before Jestha 14 are eligible for the rights offering.

The company will be issuing 42% right shares worth Rs. 1.42 Arba through the issue of 14,279,312.48 (1: 0.42) units of right shares to its existing shareholders. The current paid-up capital is Rs. 1.42 Arba. After the adjustment of the proposed right share, i.e., 14,279,312.48 units, the company's paid-up capital will increase to Rs. 3.41 Arba.

Muktinath Capital Limited is appointed as the issue manager.

As of writing, ALICL closed at Rs. 730.34.