Sanima Life Insurance Gears Up for IPO; Appoints Issue Manager

Jul 11, 2019 11:38 AM Merolagani

Sanima Life Insurance has geared up for initial public offering (IPO).  The company is set to issue 30 percent IPO worth Rs 600 million of its issued capital of Rs 2 billion.

In this regard, the company has appointed Prabhu Capital as issue manager. Both companies signed a memorandum of understanding (MoU) amid a program.

The agreement was signed by Shiva Ram Timalshina, General Manager of Sanima Life and Bhola Prasad Pathak, CEO of Prabhu Capital.

The company with Rs 1.40 billion in paid-up capital will meet the minimum paid-up capital of Rs 2 billion after the IPO issuance.


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NEPSE Adjusts Stock Price of Oriental Hotels

Oct 15, 2019 10:54 AM

Nepal Stock Exchange (NEPSE) has adjusted stock price of Oriental Hotels (OHL) on October 15 after the announcement of 5 percent stock dividend following the book close for its upcoming AGM.