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Asian Life Insurance Company Limited (ALICL) is commencing the offering of its 50% rights shares starting today, on 22nd Ashad, until 11th Shrawan, 2082.
The firm will be releasing 42% rights shares amounting to Rs. 1.42 Arba through the issuance of 1,42,79,312.48 (1: 0.42) units of rights shares to its current shareholders. The existing paid-up capital stands at Rs. 3.39 Arba. Following the incorporation of the proposed rights share, i.e., 1,42,79,312.48 units, the company’s paid-up capital will rise to Rs. 4.81 Arba.
Muktinath Capital Limited has been designated as the issue manager.
The book closure date was 16th Jestha, 2082. Therefore, investors who held shares before that date are eligible to apply for the shares.
