Protective Micro Insurance Limited to Issue 2,250,000 Shares to the General Public

Protective Micro Insurance Limited has announced its plan to issue 2,250,000 ordinary shares to the general public. The shares will be offered for NPR 100 per share, with a total call amount of NPR 22,50,00,000. Nepal SBI Merchant Banking Limited and Nabil Investment Banking Limited have been appointed as the underwriter.

A tripartite agreement was signed by Mr. Lekhnath Pokhel, Managing Director and Chief Executive Officer of Nepal SBI Merchant Banking Limited, Mr. Manish Narayan Joshi, Chief Executive Officer of Nabil Investment Banking Limited, and Mr. Naresh Kumar Roka, Chief Executive Officer of Protective Micro Insurance Limited.

Nepal SBI Merchant Banking Limited, a subsidiary of Nepal SBI Bank Limited, offers various investment and securities services, while Protective Micro Insurance Ltd., based in Dhangadhi and registered with the Nepal Insurance Authority, provides motor, health, and non-life insurance services through its network of branches and offices.