Securities Board of Nepal has permitted Asian Life Insurance Company to issue 1.08million units of share with face value of Rs 100 per unit to the public. The company that has Rs 360 million paid-up capital is issuing 30 per cent public shares, said a press release. NIDC Capital Market is the issue manager and sales manager.
Currently, Nepse has 17 insurance companies -- totalling to 20,467,884unit that has Rs 2,046,788,400 paid up capital -- under the insurance companies sub-group.
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