Asian Life Insurance has decided to give investors more time to apply for its right shares. Earlier, the deadline was set for Shrawan 13. Now, the company has extended it until Shrawan 20.
The company opened the rights issue on Asar 25, offering shares at a 1:0.42 ratio. This means for every 100 shares held, investors could apply for 42 more shares at Rs. 100 per share. But not enough applications came in during the given time. So, they extended the date.
Only those who owned shares by the end of Jestha 15 are eligible. The company had set its book closure for Jestha 16. That means if you bought shares on or before Jestha 15, you can apply.
You can submit your application at:
- Muktinath Capital
- Branches of Muktinath Bikas Bank in places like Birtamode, Biratnagar, Janakpur, Narayangadh, Pokhara-Chiple Dhunga, Nepalgunj, Surkhet, Dhangadhi, Mahendranagar, and Butwal
- Asian Life Insurance offices
Or, you can apply online using the “Mero Share” platform through the C-ASBA system, if your bank is part of the ASBA network. If you’re an eligible shareholder, this extension gives you one more week to invest in the company’s growth. Don’t miss the deadline—Shrawan 20 is your last chance.
