Company issues 42% rights shares totaling Rs. 142.79 crore; application deadline extended.
Asian Life Insurance Company Limited has extended the application deadline for its 42% rights share offering, which was opened on Asar 25, until Saun 20. The company has issued rights shares in the ratio of 4.2 shares for every 10 shares held, amounting to 1,42,79,000 shares worth Rs. 142.79 crore.
The book closure date for this issuance was set for Jestha 16, and shareholders who held shares as of Jestha 14 on the Nepal Stock Exchange (NEPSE) are eligible to apply.
According to Infometrics Credit Rating Nepal, the company has received an IRN A- (IRN A Minus) rating.
The issue manager for the rights share is Muktinath Capital Limited. Applications can be submitted through Muktinath Bikas Bank, Asian Life Insurance offices, or via the Mero Share platform.
Before this rights issuance, the company’s paid-up capital stood at Rs. 339 crore, which will increase to Rs. 482 crore after the completion of the rights issue.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
