Asian Life Insurance to issue public shares

The Securities Board of Nepal (SEBON) -- the capital market regulator-- has granted permission to Asian Life Insurance Company to issue 1.08 million units of public share with face value of Rs 100. The company has total paid-up capital worth Rs 360 million, of which 70 percent has been invested by its promoters, said a press release issued by the company on Friday.

NIDC Capital Market has been appointed as the issue manager of the company´s Initial Public Offering (IPO). The company said the process for issuing share will be initiated after Dashain festival.
Source: Republica