Sanima General Insurance at Narayangad; IPO shares of Rs 30 crore within this FY

Sanima General Insurance has extended its services through its latest branch at Narayangad of Chitwan which was formally inaugurated by chairman of Insurance Board Mr. Chiranjibi Chapagain amid a program. It was also attended by BoD of the insurance company Mr. Khem Raj Lamichhane, Acting CEO Mr. Subodh Lal Shrestha and Acting ED of Insurance Board Mr. Raju Raman Paudel.

The non-life insurance company is looking forward to opening 20 branches within the current FY itself, as per the media note from the company. It is also planning to come up with IPO shares worth of Rs 30 crore for general public to meet the paid up capital requirement of Rs 1 arba by the end of current fiscal year 2075-76, as mentioned in the note.