June 8: Asian Life Insurance has appointed NIBL Capital Markets as its Issue Manager. Rajesh Kumar Shrestha, CEO of Asian Life and Mekh Bahadur Thapa, General Manager of NIBL Capital signed an agreement paper regarding the matter amid a program on June 7. The issue manager will be managing 50 percent right shares approved by 8th and 9th annual general meeting held on last April. The company is floating 4,027,966 units of right shares to its existing shareholders. After the issuance of the right shares, the paid-up capital of the company will reach Rs 1.20 billion.
