Last Day to Secure 60% Right Shares of Asian Life Insurance

Mar 05, 2019 Merolagani

Today is the last day to secure 60 percent right shares of Asian Life Insurance Company (ALICL). The company is  closing its book on March 6 for the 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.

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