Nepal Life Insurance Company acquires 51% stake in National Merchant Banker; insurance company makes formal inroads into investment management company with paid-up value of Rs 30 crore

Sun, Aug 29, 2021 7:20 AM on Latest, Corporate,

Nepal Life Insurance Company has inked an agreement with National Merchant Banker Ltd with an aim to acquire a 51% stake in the later.

The MoU was signed between CEO of Nepal Life Mr. Santosh Prasain and CEO of National Merchant Banker Mr. Nabin Baskota amid a program

With this, the leading insurance company of the nation has also stepped into the investment management company whose paid-up value will scale up to Rs 30 crore, as per the media statement.