Himalayan Reinsurance Limited has announced its 1st AGM what are agendas?
Himalayan Reinsurance Limited (Himalayan Re) is the first private sector reinsurance company established in the Federal Republic of Nepal. The company would offer Reinsurance support to Life and General Insurance Companies in Nepal and overseas.
Himalayan reinsurance will get the license and issue IPO soon
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Himalayan Reinsurance Limited (Himalayan Re) 1st AGM is going to be held on 12th Kartik, 2078.
Capital Structure
Authorized Capital NPR 21 Billions (USD 180 Millions approx)
Issued Capital NPR 7 Billions (USD 60 Millions approx)
Paid up Capital NPR 7 Billions (USD 60 Millions approx)
Ownership
Promoters’ share of the Paid-up Capital is 70% – that is, NPR 7 Billions (USD 65 Millions approx)
NPR 3 Billions (USD 25 Millions approx) shall be Public Share through an IPO to be issued within next 2 years as per the existing rules and regulations in Nepal.
Promoters
Promoters of Himalayan Re include leading business houses of Nepal, along with leading financial institutions of the country. Prominent Promoters include;
Golchha Group
Shanker Group
Lucky Group
Ramesh Corp
Shiv Shakti Group
Murarka Group
K L Dugar Group
M V Dugar Group
R H Group
M S Group
IME Group
All of the above listed corporate houses occupy a place of pride on the economic map of Nepal, having their business activities spread to all sectors
Apart of these business houses, the Promoters include 2 of the topmost commercial banks of Nepal, which are primarily owned by the Govt of Nepal.
Nepal Bank Limited
Rastriya Banijya Bank Limited
Board of Directors
Himalayan Reinsurance IPO Issue | Reinsurance IPO | Upcoming Reinsurance IPO in Nepal
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