Asian Life Insurance has announced that it will sell 358,512 unsubscribed rights shares through an auction. The sale will be open from Bhadra 22 to Bhadra 29.
Earlier, the company had issued 42% of its paid-up capital (Rs. 339.98 crore) in rights shares between Asar 25 and Sawan 20. During this period, 1,427,931.25 rights shares with a face value of Rs. 100 per share were issued.
The remaining 358,512 shares, including 30,038 shares from the promoter group and 328,473 shares from the general public, will now be offered through the auction.
Muktinath Capital is managing the share sale. Investors can submit applications at the manager’s office or through Muktinath Development Bank branches located in Thimi, Kumaripati, Birtamod, Biratnagar, Birgunj, Janakpur, Hetauda, Narayangadh, Pokhara Chiple Dhunga, Baglung, Butwal, Ghorahi-Dang, Nepalgunj, Birendranagar, Dhangadhi, and Mahendranagar.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
