IME General and Prudential Insurance sign final merger agreement
KATHMANDU: IME General Insurance Limited and Prudential Insurance Company Limited have signed the final agreement to merge with each other.
Hemraj Dhakal, Chairman of IME General Insurance Limited, and Vishal Agarwal, Chairman of Prudential Insurance Company Limited signed the agreement.
According to the agreement, the company formed by the merger of the two companies will be known as IGI Prudential Insurance Limited.
The merger proposal will be presented at the next special general meeting of both companies, and it has been agreed that the share ratio of IME General Insurance Limited and Prudential Insurance Company Limited will be maintained at a swap ratio of 1:1 based on the initial agreement between the two companies and the DDA report.
These two companies are going to merge as equals.