Wed, May 08, 2024
Asian Life Insurance (ALICL) has sought approval from Securities Board of Nepal (SEBON) for 60 percent right issue. The company is planning to issue 7,540,352.73 units of right shares in a bid to raise its paid-up capital as per IB directive.
The company has appointed NIBL Ace Capital as its issue manager. Presently, the company has a paid-up capital of Rs 1.25 billion that will reach Rs 2.01 billion after the right issue.
Citizen Life Insurance (CLI)’s announced dividend has been cancelled.
