The companies will start their joint transaction with a name ‘Prabhu Mahalaxmi Life Insurance’ after merger.
The companies are preparing to start the joint transaction within the month of Ashad.
The companies will have paid-up capital of Rs 4.29 billion after bonus share distribution of Prabhu Life. The companies are planning to issue further public offering after joint transaction to meet the minimum paid-up capital of Rs 5 billion.
