Jyoti Life Calls Out SGM to endorse a merger Proposal

Jul 22, 2022 03:04 PM Merolagani

Jyoti Life Insurance (JLI) has called out a special general meeting (SGM) on August 9  in Waterfront Tisort, Lakeside, Pokhara at 11:00 AM.

The meeting will approve a decision taken by BOD regarding merger/acquisition for capital increment as per IB directive.

Moreover, the meeting will delegate authority to BOD to forward merger/acquisition proposal with Surya Life Insurance.

Similarly, the meeting will approve a proposal of restructuring its capital from 70:30 to 51:49 by converting 19 percent promoter shares to ordinary shares.

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