Last day to apply for the 50% right shares of Asian Life Insurance; LTP stood at Rs 700

Today is the last day to apply for the 50% right shares of Asian Life Insurance Company Limited.

ALICL has been issuing 2:1 (50%) 40,27,966.20 units right shares at a par value of Rs 100 per unit to its shareholders from Falgun 13, 2074.

The book closure date for the rights issue was set on Magh 8, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Magh 7, 2074 are eligible to apply for the right shares.

NIBL Ace Capital Limited is the issue manager for this right issue.

Interested applicants can collect application forms from NIBL Ace Capital Limited, Lazimpat, Kathmandu, designated branches of ALICL and Nepal Investment Bank Limited (NIB) and all ASBA approved Bank and Financial Institutions (BFIs).

Its paid up capital will reach to Rs 1.21 arba from existing Rs 80.55 crore after adjustment of 50% right shares. To meet the capital requirement of Rs 2 arba, it should hike its capital by Rs 79 crore (around 65%).

ALICL had earned Rs 2.58 crore in the second quarter of the fiscal year 2074/75.

Its LTP stood at Rs 700 as on the last trading day.