Deadline Extended for 1: 0.42 Right Offering of Asian Life Insurance Company Limited

Asian Life Insurance Company Limited (ALICL) has extended the deadline for its ongoing rights offering. Initially opened on 22nd Ashadh, 2082, the issue was scheduled to close on 13th Shrawan, 2082. However, as per the latest notice, the rights offering will now remain open until 20th 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.

According to the CDSC, 25,093 applicants applied for 47,65,534 units of right shares, equivalent to Rs. 47.65 crores.

Muktinath Capital Limited is appointed as the issue manager.

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

Notice