Asian Life Insurance Company Limited (ALICL) will be floating 50% or 10:05 right share to its shareholders from Today; Falgun 13, 2074.
ALICL will issue 40,27,966.20 units of right share to its shareholders at the face value of Rs. 100.
The right share will be closed on chaitra 18, 2074, remain open for 35 days.
The book closer date for this right share was declare for Magh 8, 2074. Those investors who will buy the share within Magh 7, 2074 will be eligible for applying for right share.
NIBL Capital Market limited as appointed as the issue manager for this right share.
Interested Applicants can apply from NIBL Capital, Branches of ALICL & all the C-ASBA approved bank & financial institutions.
Its paid up capital is 80.55 crore. After 50% right share adjustment, paid up capital will be 1.21 arba. Even after right share ALICL needs to hike its capital by 79 crore it meets the directives of Beema Samiti.
As per Beema Samiti all Life insurance company needs to maintain capital of 2 arba by the end of Ashad 2075.
Last trading price of ALICL stood at Rs. 845.
