Insurance
HEI Lists 615,983 Unit Bonus Shares on NEPSE
Recently, Himalayan Everest Insurance Limited (HEI) successfully listed 615,983 unit bonus shares on the Nepal Stock Exchange (NEPSE). This development comes after the company held its 29th Annual General Meeting (AGM) on the 29th of Chaitra, where significant decisions were made. During the AGM, the board of directors approved a 2.89% dividend for the fiscal […]
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IGI Prudential Insurance Limited Lists 30,293,347 Shares on NEPSE
Based on the information provided, it appears that after the merger between IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL), a new entity called IGI Prudential Insurance Limited was formed. The merger agreement was signed on Magh 27, 2079, and the swap ratio was 1:1. Prior to the merger, IGI had a […]
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Life Insurance Companies in Nepal Compete to Increase Premium Collections
Insurance companies in Nepal are competing to increase their premium collections, the amount of money they receive from policyholders. During the first ten months of the fiscal year 2079/80, life insurance companies collected a total of Rs. 1.14 Kharba in premiums from their 1.38 crore active insurance policies. A report from the Nepal Insurance Authority […]
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Ajod Insurance Limited Converts Promoter Shares to Public Shares, Achieving 51:49 Ownership Ratio
Ajod Insurance Limited (AIL) has recently converted 19,00,000 units of promoter shares into public shares, resulting in a change in the company’s shareholding structure. Previously, the company had 70% of its shares held by promoters and 30% held by the public. However, with this conversion, the promoter-to-public shares ratio has shifted to 51:49. AIL, which […]
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National Life Insurance Company Limited Announces Last Day for Dividend
Today is the final day to receive the dividend announced by National Life Insurance Company Limited (NLICL). The company has scheduled its 35th Annual General Meeting (AGM) for the 22nd of Jestha, 2080. The AGM will take place at the company’s headquarters in Lazimpat, Kathmandu, starting at 10:30 AM on that day. One of the […]
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Listing of 41,840,000 Shares of Sanima Reliance Life Insurance Limited (SRLI) on NEPSE
Sanima Reliance Life Insurance Limited (SRLI) has recently listed 41,840,000 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Reliance Life Insurance Limited (RLI) and Sanima Life Insurance Company Limited (SLI). The merger agreement between SLI and RLI was signed on 29th Ashad, 2079. Under the terms of the merger, the swap […]
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rabhu Life Insurance Limited Revises Dividend Proposal for FY 2077/78 in Response to Regulatory Requirement
Prabhu Life Insurance Limited (PLI) has made changes to its dividend proposal for the fiscal year 2077/78. Initially, they had planned to distribute a dividend of 10.526%, consisting of 10% bonus shares and 0.526% cash dividend from their paid-up capital of Rs. 2 Arba. However, the Nepal Insurance Authority required the company to revise its […]
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Sagarmatha Lumbini Insurance Company (SALICO) Lists 26,226,382 Shares After Merger of SIC and LGIL
Sagarmatha Lumbini Insurance Company Limited (SALICO) has listed 26,226,382 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Lumbini General Insurance Limited (LGIL) and Sagarmatha Insurance Company Limited (SIC). The merger agreement between SIC and LGIL was signed on 30 Ashad, 2079. The swap ratio for the merger was set at 100:80, […]
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Prabhu Life Insurance proposes dividend for the first time
Prabhu Life Insurance Limited (PLI) has proposed a dividend of 10.526% for the fiscal year 2077/78. This is the first dividend the company has proposed since being listed on the Nepal Stock Exchange (NEPSE). The company’s board of directors, at its 140th meeting held on Baisakh 25, has decided to distribute a dividend consisting of […]
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IGI and PICL Complete Merger, Forming IGI Prudential Insurance Limited with Total Paid-Up Capital of Rs. 3.02 Arba
The merger between IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) has been finalized, with the two companies agreeing to a 1:1 swap ratio and forming a new entity called “IGI Prudential Insurance Limited”. The merger has received final approval from the Nepal Insurance Authority and the Office of the Registrar of […]
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