Liberty Micro Life Insurance Appoints NIMB Ace Capital as Issue Manager

KATHMANDU:Liberty Micro Life Insurance Limited has appointed NIMB Ace Capital Ltd. as the Issue Manager for the issuance of 2,250,000 ordinary shares, with a total value of NPR 225,000,000. These shares will be offered to the public at a face value of NPR 100 per share, representing 30% of the company's issued capital.

Liberty Micro Life Insurance was established with the goal of providing micro life insurance services to low-income individuals, residents of underdeveloped areas, and marginalized communities. The company received its micro life insurance license on August 18, 2023, and began formal operations on December 22, 2023.

The agreement was signed on August 25, 2024, by Mr. Ram Kumar Yadav, Chief Executive Officer of Liberty Micro Life Insurance, and Mr. Sachindra Dhungana, General Manager of NIMB Ace Capital Ltd.