Citizen Life Endorses IPO Proposal; Paid-Up capital to totals Rs 2.5 Bn

Oct 18, 2019 01:33 PM Merolagani

Citizens Life International (CLICL) has endorsed a proposal of issuing initial public offering (IPO) from its 2nd AGM held on October 16.

The current paid-up capital of Rs 1.75 billion of the company will total Rs 2.50 billion after the IPO issuance which will be the highest among the new insurance companies.

The meeting also unanimously elected Deep Prakash Pandey as a director to a vacant post.

The meeting approved financial reports of the FY 2074/75.

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