The company is closing its book on May 30 for the right issue, thus, the shareholders registered in its book till May 29 will be eligible to apply for the right issue.
Asian Life Insurance has obtained approval from Securities Board of Nepal (SEBON) to issue 42 percent right share.
The company has paid-up capital of Rs 3.39 billion. The company will issue 14,279,312.48 units of shares at a face value of Rs 100 per unit amounting Rs 1.42 billion.
The company has appointed Muktinath Capital as issue manager for the right issue.
