Asian Life Insurance has completed the allotment of its unsold rights shares that were auctioned recently. The company had put 358,512.48 shares up for sale through an auction from Bhadra 22 to Ashoj 5. The allotment was finalized on Ashoj 20.
According to Muktinath Capital, which managed the auction, all sealed bids received during the open period were carefully processed before the final distribution. The cutoff price for the promoter (founder) group was set at Rs. 105.50 per share, while the general public’s cutoff price reached Rs. 422.50 per share.
Applicants who did not receive shares in the allotment will get their refund from Ashoj 22 onwards.
This allotment marks another key step for Asian Life Insurance as it clears its pending rights issue, signaling investor interest despite market pressure.
