Nepal Reinsurance company to issue 1.60 crore units initial public offering (IPO) for public.
The company will floated IPO worth Rs.1.60 arba or 1.60 crore units.
RBB Merchant banking has appointed as issue manager for IPO.
CEO of Nepal Reinsurance Company, Mr Chirayu Bhandari and CEO of RBB Merchant Banking Limited, Dr. Ramesh Kumar Bhandari has signed on the agreement paper.
Currently its paid up capital is Rs.8.40 arba. After IPO its paid up capital will reach to Rs.10 arba.
Reinsurance Company is promoted by government, life & non life insurance companies & others public company. Government hold 43.55%, Non Life Insurance company hold 38.39%, Life Insurance and other public limited hold 18.05% and shares of capital.
