Jyoti Life Insurance Calls Out AGM with IPO Agenda

Sep 06, 2019 02:57 PM Merolagani

Jyoti Life Insurance has called out its 2nd AGM on September 29. The 46th board of directors meeting of the company held on September 5 decided to call the AGM in the premises of Company Registrar Office in Pokhara at 12:00 noon.

The meeting will endorse a proposal of issuing 30 percent IPO of the current paid-up capital. After the IPO issuance, the paid-up capital of the company will reach above Rs 2 billion.

Moreover, the meeting will approve financial reports of the company.

The company has already appointed NMB Capital as its issue manager. Presently, the company has paid-up capital of Rs 1.54 billion. After the IPO issuance, the promoter and ordinary share ratio of the company will be maintained at 70:30.

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