Bangladesh Securities and Exchange Commission (BSEC) has approved the Rights issue of Rupali Life Insurance Company Ltd. for 1,20,08,304 ordinary shares of Tk. 10.00 each at an issue price of Tk. 30.00 each (including Tk. 20.00 as premium) totaling Tk. 36,02,49,120.00 only at a ratio of 1R:1, i.e. one rights share for one existing share. The approval has been accorded subject to the condition that the Company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006, other relevant laws and Regulatory Requirements, and shall also adhere to the conditions imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969.