Kathmandu. Asian Life Insurance Company Limited has opened the issue and sale of right shares from Wednesday.

The company has issued 14,279,312.48 units of right shares at a face value of Rs 100 each in the ratio of 1:0.42.

The company had closed the book for the purpose of issuing the right shares on May 15. Only the shareholders of the company can apply for the right shares after trading in NEPSE till May 31. Applications can be made for the right shares of the insurance company till July 30.

Muktinath Capital Limited is the issue manager of the company. Shareholders can apply from muktinath bikas bank’s birtamod, Biratnagar, Janakpur, Narayangadh, Pokhara-Chipledhunga, Nepalgunj, Surkhet, Dhangadhi, Mahendranagar and Butwal branch offices and Asian Life Insurance offices.