Asian Life Gets Approval from SEBON to Issue 42% Rights Shares
May 9th, 2025
Kathmandu – Asian Life Insurance Company has received approval from the Securities Board of Nepal (SEBON) to issue 42 percent rights shares. The company will float 142.7 million units of rights shares in the ratio of 1:0.42 at a face value of Rs 100 per unit.
The total amount expected to be raised through the issuance stands at Rs 1.427 billion. Muktinath Capital Limited has been appointed as the issue manager for the rights offering.
After completion of the rights share issuance, Asian Life’s paid-up capital will rise to Rs 4.82 billion.