Due To Merger Process, Share Trading of 'Gurans, Prime & Union Life Insurance' To Be Halted From Baishakh 26

The final procedure for the merger between Gurans Life Insurance Company Ltd. (GLICL), Prime Life Insurance Company Limited (PLIC) and Union Life Insurance Company Limited (ULI) has been recently completed.

Hence, as per Section 9 (2) of the Merger and Acquisition Directive 2079, Act, the Nepal Stock Exchange (NEPSE) has issued a circular regarding the suspension of share transaction of the company from 26 Baishakh, 2080 in accordance with Section 9 (3) of the Directory 2079

As per the merger agreement, "Himalayan Life Insurance Limited" has been agreed upon as the name of the new company that will be formed as a result of the merger. The companies will start the joint business on Baisakh 26.

Meanwhile, following the merger, the current corporate office of Prime Life Insurance at Kathmandu Metropolitan City-01, will be the new office for collective distribution of services.