Asian Life Insurance to book close on March 6 for 60% Right Shares

Feb 22, 2019 Merolagani

Asian Life Insurance Company (ALICL) is set to close its book on March 6 for upcoming 60 percent right shares. Thus, the shareholders registered in its book till March 5 will be eligible to apply for the right shares.

The company is issuing 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.

comments powered by Disqus