Asian life insurance Company limited got approval to issue 50% or 1:0.5 right shares. The company will issue 40,27,966 units of right shares.
Currently, Asian life insurance has paid up capital for 80 crore 55 lakh.
After 50 percent right share, Paid up capital will reach to 1 arba 20 crore 83 lakh. Beema samiti (insurance authority of Nepal) has drawn directives to meet capital 2 arba within fiscal year 2074/75.
Asia life has to increase its paid up capital by 79 crore to meet the directives of Beema samiti.
Asian life has appointed NIBL Capital limited as the issue manager for right share.
In the first quarter of current FY 2074/75, company has earned 1 crore 58 lakh. Earning per share is Rs7.86 and new worth per is at Rs125.54.
Currently, Asian life insurance has providing services from 23 branches and 72 sub branches.
