IME Life Insurance Appoints Civil Capital as its Issue Manager

Jun 19, 2018 Merolagani

IME Life Insurance has appointed Civil Capital as its issue manager for the upcoming IPO worth Rs 600 million. The company signed an agreement with Civil Capital for the issuance of 6 million units of IPO at a face value of Rs 100.

Dinesh Amatya, Acting Managing Director of IME Life and Suman Acharya, Acting CEO of Civil Capital signed the agreement paper amid a function.

Presently, the company has a paid-up capital of Rs 1.40 billion that will increase to Rs 2 billion after the IPO issuance.

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