Sanima Life and Reliance Life's starts integrated transaction
KATHMANDU: The integrated transaction has started today, following the merger of Sanima Life and Reliance Life Insurance.
These two companies merged on an equal basis and started an integrated transaction under the name of Sanima Reliance Life Insurance.
Both companies' shares have been suspended. The Insurance Authority has approved a 1:1 share ratio merger between Sanima and Reliance Life.
The shares are said to have been adjusted accordingly. It is said that the head office of this company will be in New Baneshwor.