Last trading day before book closure for 60% right shares issue of Asian Life Insurance

Tue, Mar 5, 2019 8:24 AM on Book Closure, Dividend, Bonus & Rights, Latest, Stock Market,
Last tradi...

Today is the last trading day to grab 60% right shares offered by Asian Life Insurance Company Limited (ALICL).

Asian Life Insurance Company Limited (ALICL) has already published a book closure date for its 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.