IME General Insurance and Prudential Insurance ink initial merger agreement; new institution to be called IGI Prudential Insurance with 100% share swap of both companies
Sun, Feb 12, 2023 10:54 AM on Featured,
IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) have inked an initial merger agreement on Magh 27, 2079.
The agreement was signed between BoD of IME General Insurance Mr. Ambika Prasad Paudel and BoD of Prudential Insurance Mr. Amit Agrawal. It has been agreed that the new company will bear the name IGI Prudential Insurance and the two companies will merge in a swap ratio of 100%, as per the media statement.