Asian Life Insurance Co. Ltd announces book closure on magh 8

The company's 119^th  BOD meeting held on 25th Poush has decided to close the shareholders' book on magh 8, 2074 for the purpose of issuing 50% right shares.

The eligible shareholders will be able to apply 50% right shares at a par value of Rs 100. The shareholders having the shares at the time of book closure will be eligible to apply for the right shares.

NIBL Capital has been appointed as the issue manager for the issue. 

Asian Life Insurance co. Ltd currently has a paid-up capital of Rs 80.55 crore which will hike to 1.21 arba after right issue. The company has a reserve of Rs 20.6 crore.It has earned a net profit of Rs 1.58 crore in the 1st quarter 2074/75. 

ALICL was last traded at Rs 1,420.