Nepalese Investor

Asian Life Insurance Company Limited (ALICL) to Issue Right Shares, FY 2080/81

Asian Life Insurance Company Right Shares 2024
Asian Life Insurance Company Right Shares 2024

Asian Life Insurance Company (ALICL) has proposed to issue 42 percent Right Shares to its shareholders after distributing dividend for last fiscal year 2079/80. The meeting of the board of directors held on 2nd Feb, 2024 has decided to propose the issuance of 42% right shares aimed at fulfilling the capital requirement. Asian Life Insurance Company is obliged to meet 5 Billion capital requirement mandated by the Nepal Insurance Authority (NIA) for life insurance companies. 

The current paid-up capital of Asian Life Insurance Company (ALICL) stands at Rs. 3.15 billion which will reach to 3.39 billion after distributing 7.75 percent bonus shares for last fiscal year. In order to meet the capital deficiency of 1.61 billion, Asian Life Insurance Company plans to issue 42 percent right share which is yet to be approved by company’s upcoming AGM and Nepal Insurance Authority.

Read More

Trending Now​

Reliance Spinning Mills IPO for General Public

Reliance Spinning Mills IPO for General Public: Application Submitted to SEBON Reliance Spinning...

IPO Result Calendar | All Latest IPOs Allotment Dates

IPO Result Calendar | All Latest IPOs Allotment Dates Explore the result dates for the most...

Lock-in Period of Recently Listed Hydropower Companies in NEPSE

Lock-in Period of Recently Listed Hydropower Companies in NEPSE Lock-in Period of Hydropower...

No Dividend for FY 2079/80: Shikhar Insurance Company Limited (SICL)

Shikhar Insurance Company Limited (SICL) Announces No Dividend for FY 2079/80 Shikhar Insurance...

Top 5 Active Private Equity/Venture Capital Firms in Nepal | Best VC Funds”

Top 5 Active Private Equity/Venture Capital Firms in Nepal | Best VC Funds" Venture Capital...

Is Cryptocurrency legal in Nepal 2024 ?

Is Cryptocurrency Legal In Nepal 2023 ? Cryptocurrency is not legal and its transactions is banned...