Union Life Insurance sought SEBON approval to issue 30 percent i.e. 645 million units of primary shares. The paid-up capital of the company will reach Rs 2.15 billion after the IPO.
ICRA Nepal has assigned BBB rating to the issue indicating moderate risk.
Similarly, Sanima Life Insurance sought approval to issue 6 million units of primary shares worth Rs 600 million. Following the IPO issue, the paid-up capital will reach Rs 2 billion.
Both companies have appointed Prabhu Capital as its issue manager.
