Reliance Life Insurance Company announce second AGM on Shrawan 31, 2076; company to issue 63 Lakh units IPO soon

Sun, Jul 28, 2019 1:55 PM on AGM/Special AGM, IPO/FPO News, Latest,

The 64th BOD meeting of Reliance Life Insurance Company Limited has decided that the second AGM of the company will be held on 31st Shrawan, 2076 (16th August, 2019) at Hotel Radisson, Lazimpat from 11 AM onwards.

The agenda of the AGM is to endorse the audited financial highlights of FY 74/75 and appointment of statutory auditor for FY 75/76. The AGM will also endorse decision of the company to go public through issue of IPO.

Reliance Life Insurance Limited has appointed Sanima Capital Limited as an issue manager for its upcoming Initial Public Offering (IPO) of 6,300,000 Units worth NPR 63 Crore to the general Public. After the issuance of 63 lakh unit shares, the insurance’s paid-up capital will reach Rs 2.10 arba. The capital structure will stand at 70% for the promoters and 30% for the general shareholders.