Guardian Micro Life Insurance Limited to Issue 22,50,000 Unit Ordinary Shares to the Public

Guardian Micro Life Insurance Limited is set to issue 22,50,000 unit ordinary shares to the public at Rs. 100 per share, totaling Rs. 22.5 crore. Nepal SBI Merchant Banking Limited has been appointed to provide underwriting services for this issuance.

An agreement was signed by Mr. Lekhnath Pokhel, Managing Director and CEO of Nepal SBI Merchant Banking Limited, and Mr. Chirayu Bhandari, CEO of Guardian Micro Life Insurance Limited.

Nepal SBI Merchant Banking Limited, a subsidiary of Nepal SBI Bank Limited, offers various services including investment management, securities issuance, purchase guarantee services, beneficiary account management, institutional consulting, and share registrar services, licensed by the Securities Board of Nepal.