Last day to apply for 60% Right Issue of Asian Life Insurance

May 12, 2019 Merolagani

Today is the last day to apply for 60 percent right shares of Asian Life Insurance Company (ALICL). The company started issuing 7,540,352.73 units of right shares in a bid to raise its paid-up capital as per IB directive from April 8.

The company closed its book on March 6 for the upcoming 60 percent right shares, thus, the shareholders registered in its book till March 5 are eligible to apply for the right shares.

The company has appointed NIBL Ace Capital as its issue manager. The interested shareholders can apply for the right issue from all C-ASBA approved BFIs and through meroshare software.

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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