• BIZ BRIEFS
KATHMANDU: The sixth annual general meeting of IME Life Insurance concluded successfully under the chairmanship of Ram Hari Aryal, chairperson of the company.
Speaking in the assembly, Aryal informed that according to the unaudited financial report up mid-January, the company's insurance fund has increased by 22.31 per cent to Rs 5.48 billion, as per a press release. IME Life Insurance Company Ltd is gearing up to issue its IPO.
The company is planning to issue 12 million unit shares to the general public at a price of Rs 276 per share (Rs 100 face value plus Rs 176 premium price).
The IPO issue will raise a total of Rs 3.312 billion for the company.
A version of this article appears in the print on March 21, 2023, of The Himalayan Times.
