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Asian Life Insurance to Issue Rights Shares from Asar 25

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Asian Life Insurance to Issue Rights Shares

Asian Life Insurance Company Limited (ALICL) has announced the opening of its rights share issuance from Asar 25, 2082 (July 9, 2025). The company is offering 42% rights shares based on its current paid-up capital.

This means that shareholders will receive 4.2 new shares for every 10 existing shares they own. This issuance aims to raise over NPR 1.42 billion, with each share priced at NPR 100.

Key Details of the Rights Issue

Topic Information
Company Name Asian Life Insurance Company Limited (ALICL)
Rights Share Ratio 10:4.2 (42%)
Total Rights Shares to be Issued 14,279,312.48 shares
Total Amount to be Raised NPR 1,427,931,248
Par Value Per Share NPR 100
Current Paid-Up Capital NPR 3.39 billion
Paid-Up Capital After Issuance NPR 4.82 billion
Issue Manager Muktinath Capital Limited
Credit Rating [ICRA Nepal] IRN A- (Adequate Safety)

The company had set the book closure date for Jestha 16, 2082 (June 29, 2025). This means that only those shareholders who held shares until Jestha 14, 2082 (June 27, 2025) are eligible to apply for the rights shares. The application period for the rights issue will begin from Asar 25, 2082 (July 9, 2025) and will remain open until Shrawan 13, 2082 (July 28, 2025).

Application Process

  • Eligible shareholders (who held shares before the book closure date) can apply for rights shares. 
  • Applications can be submitted through: 
    • Muktinath Capital 
    • Selected branches of Muktinath Bikas Bank (e.g., Biratnagar, Pokhara, Nepalgunj, etc.) 
    • Asian Life Insurance offices 
    • ASBA-approved banks and financial institutions 
    • Online via Meroshare (using C-ASBA system) 

Why This Matters to Investors

  • The rights issue provides existing shareholders with an opportunity to increase their holdings at par value. 
  • The company’s credit rating of A- suggests good ability to meet financial obligations. 
  • After the rights issuance, the company will have a stronger capital base of NPR 4.82 billion, which may support future business expansion.

 

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