After the Successful Merger, 8.02 Crore Unit Shares of Himalayan Life Insurance (HLI) Listed in NEPSE For Trading

80,203,837 shares of Himalayan Life Insurance Limited (HLI) after a successful merger between Gurans Life Insurance Company Ltd. (GLICL), Prime Life Insurance Company Limited (PLIC), and Union Life Insurance Company Limited (ULI) have been listed in NEPSE.

These three life insurance companies signed the merger agreement with each other on Ashad 29, 2079. The company had signed a merger deal at a swap ratio of 1:1:1. GLICL's total listed shares were 25,365,630 units, and that of ULI and PLIC were 23,428,550 units and 31,409,657 units respectively making it a total of 80,203,837 unit shares after the merger. This is the biggest merger in the country's life insurance sector.

After a successful merger, the companies commenced the joint transaction in the name of Himalayan Life Insurance Limited on Baisakh 26, 2080. Therefore the listed shares will start trading under the symbol "HLI."

The open price range is set as Rs. 346.52 for the first transactions.