Nepal SBI Merchant appointed as rightful shares issue manager of LIC Nepal

KATHMAMDU:Life Insurance Corporation Nepal Limited (LIC Nepal) is going to issue Rs. 2,34,68,000 shares of 100 rate will be Rs. 2,34,68,00,000 (two billion thirty four crore sixty eight lakh only) Nepal SBI Merchant Banking Limited has been appointed as the issue and sale manager for the issue and sale of right shares.

In a ceremony held today at the office of Life Insurance Corporation Nepal Limited, Putlisadak, Kathmandu, Dev Raj Adhikari, Chief Executive Officer of Nepal SBI Merchant Banking Limited, and Laxmi Prasad Das, Chief Executive Officer of Life Insurance Corporation Nepal Limited, signed the agreement regarding securities issuance and sales manager. .

Nepal SBI Merchant Banking Limited is a wholly owned subsidiary of Nepal SBI Bank Limited.