Asian Life Insurance Company Limited has opened the sale of its 42% rights shares from Asar 25, offering a total of 1,42,79,312.48 units at a face value of Rs. 100 per share. The application deadline is until Shrawan 13.
Asian Life Insurance Company Limited has opened its 42% rights share issue starting today, Asar 25. The company received approval from the Securities Board of Nepal (SEBON) to issue a total of 1,42,79,312.48 units of rights shares at a face value of Rs. 100 per share in the ratio of 1:0.42.
For this purpose, the company had already closed its book on Jestha 16. Hence, only those shareholders who held shares until Jestha 14 on the Nepal Stock Exchange (NEPSE) are eligible to apply for the rights shares. The last date to apply is Shrawan 13.
Infomerics Credit Rating Nepal has given the company a rating of “IRN A– (Single A Minus)” for this issue, indicating an adequate degree of safety regarding timely servicing of financial obligations.
Muktinath Capital Limited is the issue and sales manager for this rights offering. Eligible investors can apply through various branches of Muktinath Bikas Bank located in Birtamode, Biratnagar, Janakpur, Narayangadh, Pokhara-Chiple Dhunga, Nepalgunj, Khurda, Dhangadhi, Mahendranagar, and Butwal, or through the Asian Life Insurance offices.
Additionally, applications can be submitted via banks and financial institutions participating in the ASBA service approved by SEBON, or through the CDSC’s online Meroshare system using the C-ASBA process.
Currently, the company’s paid-up capital stands at Rs. 3 arba 39 crore 98 lakh 36 thousand 307. After the rights share issuance and allotment, the capital will increase to Rs. 4 arba 82 crore 77 lakh 67 thousand 555.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
