Last day to apply for the 60% right shares issue of Asian life Insurance; eligible investors can apply till banking hour today

Sun, May 12, 2019 5:09 AM on Dividend, Bonus & Rights, Latest,
Last day t...

Asian Life Insurance Company Limited (ALICL) is closing the issue of 75,40,352.73 units right shares (1:0.6) ratio to its existing shareholders from today (Baisakh 29, 2076).  This issue was opened since Chaitra 25, 2075. 

Asian Life Insurance Company Limited had 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.

Click here for right share offer letter: