Last Day to Apply for Asian Life Insurance’s Rights Share Issuance

Kathmandu — Today marks the final day for shareholders to apply for its ongoing rights share issuance.

The insurer is offering a total of 1,42,79,312.48 units of rights shares at a face value of Rs 100 per share, under a 1:0.42 ratio. This allows existing shareholders to apply for 0.42 units for every 1 share they held on the book closure date, Jestha 14 (May 28).

Only shareholders listed in the Nepal Stock Exchange (NEPSE) records as of the cutoff date are eligible to apply.

The issue is being managed by Muktinath Capital Limited, with physical applications accepted at its office, designated branches of Muktinath Bikas Bank, and the company’s head office. Additionally, investors can submit applications online via the ‘Mero Share’ platform using the ASBA (Applications Supported by Blocked Amount) system, through banks and financial institutions integrated with CDS and Clearing Limited (CDSC).

Asian Life Insurance holds an IRN A- (Single A Minus) issuer rating from Infomerics Credit Rating Nepal, indicating a stable outlook and adequate capacity to meet financial obligations on time.