Jyoti Life Insurance IPO Issuance approved
SEOBN has given granted permission to Jyoti Life Insuranc e to issue IPO shares. Upon receipt of this approval, the company will set an IPO share issue date shortly. SEOBN has given approval for the issuance of ordinary IPO shares of 66 lakh units worth Rs. 660000000 to general public soon. Jyoti Life Insurance Company Limited (JLIC) had got the license to do business on August 5, 2017. "We have expanded our branch from the beginning to serve 10 locations," said Pashupati Murarka, chairman of the company. Jyoti Life Insurance Company Limited is established under Company Act 2063 and Insurance Act 2049 as a Public Limited Company in July 2017. Jyoti Life Insurance Capital The company has 42 promoters. The authorized capital of the company is Rs. 3 billion, issued capital Rs. 2 billion 200 million. The company, which currently has a paid-up capital of Rs. 660 million shares are to be issued. After the issuance of shares, the capital increased to Rs. 2 billion 200 milli...