Ajod Insurance Gears Up for IPO

Jun 24, 2019 12:10 PM Merolagani

Ajod Insurance is set to delegate authority to BOD to issue initial public offering (IPO) worth Rs 300 million.

Along with this, the company has listed seven more proposals for the upcoming first AGM to be held on July 15 in World Trade Centre, Tripureshwor at 4:00 PM.

Moreover, the company will amend its regulation 24(2) and delegate authority to BOD to make any changes as per the requirement of regulatory bodies in it. The AGM will also elect three board of directors, approve financial reports and appoint an auditor for the current FY.

The company is yet to issue 30 percent IPO to the general public to meet the minimum paid-up capital of Rs 1 billion as per the requirement of IB.

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