Asian Life Insurance Company Limited (ALICL) has appointed NIBL Ace Capital as its issue manager for the issuance of 60% right shares. The life insurance company will be issuing Rs 75.40 crore worth of right shares for its shareholders.

CEO of Asian Life Insurance, Mr Rajesh Kumar Shrestha and General Manager of NIBL Ace Capital, Mr Mekh bahadur Thapa had signed on the agreement.

After the issuance of 60% right shares, the paid-up capital of the company will reach Rs 2.01 arba.