Final Day to Secure 42% Right Shares of Asian Life Insurance

Kathmandu — Today, Jestha 14 (May 28), marks the last day for shareholders to secure eligibility for the upcoming right share issuance of Asian Life Insurance Company Limited.

The company is set to close its shareholder register on Jestha 16 ( May 30) for the purpose of issuing right shares. As Jestha 15 (May 29) is a public holiday in observance of Republic Day, only shareholders who hold shares by the end of trading today will be eligible to apply for the right shares.

Asian Life Insurance has received regulatory approval from the Securities Board of Nepal (SEBON) to issue a total of 14,279,312.48 units of right shares at a face value of Rs 100 per share. The shares will be issued in a 1:0.42 ratio, meaning existing shareholders will be entitled to purchase 42 shares for every 100 shares they currently own.