Kathmandu- Asian Life Insurance is set to issue 100 percent right shares. The issuance will begin from Ashar 25, based on the company’s current paid-up capital.
The company will issue 100 percent right shares on its paid-up capital of NRs 400 million, in the ratio of 1:0.42, at a face value of NRs 100 per share, totaling 14,279,312.48 shares.
For this purpose, the company has announced a book closure for one day on Jestha 16. Therefore, only those shareholders who have participated in NEPSE transactions up to Jestha 15 will be eligible to apply for the right shares.
Investors can apply for the 100 percent right shares until Shrawan 13. Muktinath Capital has been appointed as the issue and sales manager for the right share issuance.
Applications can also be submitted through the C-ASBA system using the online platform ‘Mero Share’ developed by CDS and Clearing, through ASBA-participating banks and financial institutions approved by the Securities Board of Nepal (SEBON), as well as from the branches of Muktinath Bikas Bank located in Birtamode, Biratnagar, Janakpur, Narayangadh, Pokhara–Chipledhunga, Nepalgunj, Surkhet, Dhangadhi, Mahendranagar, and Butwal, and from the office of Asian Life Insurance.