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Wednesday, October 20, 2021
    Nepal Breaking NewsNepal Stock ExchangeReliance Life Insurance IPO coming out on August 20

    Reliance Life Insurance IPO coming out on August 20

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    From August 0, Reliance Life Insurance will be issuing initial public offerings (IPOs).

    The company is issuing 6.3 million units of shares for Rs 630 million, according to the corporation.

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    There are 5,670,000 units for the general public, 315,000 units for the collective fund (CIF), and 315,000 units set aside for the company’s employees.

    Reliance is selling its 30% stake in the company for Rs .1 billion in paid-up capital.

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    The initial public offering (IPO) will begin on August 0 and end on August 24.

    A can apply for a minimum of 10 shares and a maximum of 63,000 shares.

    Sanima Capital has entrusted with the of issue by Reliance.

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