Asian Life to auction unsold right shares

Jun 06, 2019 Merolagani

Asian Life insurance (ALICL) is set to auction 221,359.73 units of shares. The company is auctioning 218,939.03 units of ordinary shares and 2,420.70 units of promoter shares that went unsold during its issuance.

Earlier, the company issued 7,540,352.73 units of right shares at a ratio of 10:6 from April 9 to May 12 to the shareholders registered in its book till March 21.

The last traded price of the ordinary stock is Rs 404 while of promoter share is Rs 262.

Presently, the company has a paid-up capital of Rs 1.25 billion that will reach Rs 2.01billion after capitalization of the right issue.

In the third quarter, the company earned a net profit of Rs 54.4 million and has EPS of Rs 5.77.

 


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