Asian Life Insurance has begun issuing rights shares from today, Asar 25. The company is offering a 42% rights share in a 1:0.42 ratio — meaning shareholders can apply for 42 shares for every 100 shares they already hold.
Over 1.42 crore shares offered
A total of 1,42,79,312.48 units of rights shares are being issued at a face value of Rs. 100 per share, amounting to Rs. 1.42 billion.
Eligibility: Book closure already done
The book closure date was Jestha 16, so only those shareholders who held shares till Jestha 15 are eligible to apply.
Apply before Shrawan 13
Investors can submit applications until Shrawan 13. The issue manager for the rights share is Muktinath Capital, and applications can be submitted through:
- Muktinath Capital, Narayanchaur, Naxal, Kathmandu
- Designated branches of Asian Life Insurance
- Banks and financial institutions approved by SEBON with ASBA service
- Online via MeroShare portal
Paid-up capital to increase significantly
Currently, the company’s paid-up capital stands at Rs. 3.39 billion. After the rights share issuance, it will rise to approximately Rs. 4.82 billion.
