Liberty Micro Life Insurance Holds Special General Meeting in Pokhara

Fri, Aug 16, 2024 10:35 AM on Latest, IPO/FPO News, Corporate,

Liberty Micro Life Insurance Limited held a special general meeting on 31st Shrawan 2081 at its head office in Pokhara, chaired by Chairman Nicholas Pandey. The meeting was attended by the company's leadership, shareholders, and key employees.

The main agenda was the approval of an Initial Public Offering (IPO) of 22,50,000 shares at a face value of Rs. 100 each, amounting to Rs. 22.50 crore, for the general public.

The proposal was discussed and unanimously passed, authorizing the board of directors to proceed with all necessary actions for the IPO under the guidelines provided by the Nepal Insurance Authority for small life insurance companies.