Reliable Life’s AGM approves the agenda of IPO issue,

Kathmandu: The third annual general meeting of Reliable Nepal Life Insurance Company has approved the agenda of IPO issuance.The AGM was held at the company’s head office in Gyaneshwar, Kathmandu through virtual media.

The company will now issue IPO of worth Rs.600 million at the rate of Rs.100 per share.

The house has passed the annual report of Fiscal Year 2075/76.Similarly, as per Article 111 of the Companies Act, 2063 BS, another proposal has been passed to appoint an auditor for the FY 2076/77 and fix his remuneration and proposal to re-appoint the current auditor Vijay Raj Ghimire as his partner G&G Associates.

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