Asian Life Insurance Announces Auction of Unsubscribed Rights Shares! – Your Guide to Investing in Nepal
Are you looking to invest in the Nepali stock market? Here’s an exciting opportunity! Asian Life Insurance, a leading life insurance company in Nepal, has announced the sale of 358,512 unsubscribed rights shares via an auction. This presents a chance for investors to gain exposure to a well-established financial institution in the Nepali market.
The share sale is set to open from Bhadra 22 to Bhadra 29, so mark your calendars! Previously, Asian Life Insurance issued rights shares, representing 42% of its paid-up capital, which amounted to Rs. 339.98 crore. This initial offering saw the issuance of 1,427,931.25 rights shares, each with a face value of Rs. 100.
Now, the remaining unsubscribed shares are up for grabs. This auction includes 30,038 shares from the promoter group and a significant 328,473 shares available to the general public. This is a great opportunity for both new and experienced investors looking to expand their investment portfolio.
Muktinath Capital is managing the share sale process. Interested investors can submit their applications at the manager’s office. Moreover, you can conveniently apply through various Muktinath Development Bank branches across Nepal. These branches are located in key cities, including Thimi, Kumaripati, Birtamod, Biratnagar, Birgunj, Janakpur, Hetauda, Narayangadh, Pokhara Chiple Dhunga, Baglung, Butwal, Ghorahi-Dang, Nepalgunj, Birendranagar, Dhangadhi, and Mahendranagar. This widespread network makes it easier for potential investors across the country to participate in this exciting investment opportunity. Don’t miss out on this chance to buy shares in a reputable insurance company! Stay informed about Nepali stocks and investment strategies!
