Union Life Insurance convenes its 5th AGM; endorses 8.97% bonus shares and ongoing merger with 2 other insurance companies

Union Life Insurance Company has convened its 5^th AGM for the FY 2077-78 under the leadership of its BoD Mr. Sandeep Kumar Agrawal on Magh 26, 2079.

The AGM has endorsed the financial reports for the previous fiscal year and has decided on the remuneration of its auditor as well as the meeting allowances for its BoDs, as per the media statement.

The AGM also endorsed an 8.97% bonus share for its shareholders, endorsed the decision to merger with Prime Life Insurance and Gurans Life Insurance and agreed to dilute the promoter share ratio from the existing 70% to 51% thus converting the existing 19% promoter holding to the public shares, as per the media statement.