Muktinath Capital to Manage Asian Life Insurance's Right Shares Issue

Muktinath Capital Limited has been appointed as the securities issue and sales manager for the issuance of the right shares of Asian Life Insurance Company Limited.

The company plans to issue 42 percent of its currently paid-up right shares as decided in its 16th Annual General Meeting, aiming to reach a minimum share capital of Rs. 5 Arba as instructed by the Nepal Insurance Authority.

After the issuance of these rights shares, the company's capital is expected to increase significantly. By Chaitra 2008/081, the company's total life insurance fund exceeded Rs. 41 Arba, and it has been contributing to the national economy through investment in various sectors such as hydropower projects, tourism, aviation, banking, non-life insurance, and reinsurance.

The company has also earned significant insurance fees and expanded its services across the country through numerous branch offices and agents.