Union Life to issue IPO

The annual general meeting (AGM) of Union Life Insurance Ltd has approved the decision of its board of directors (BoD) to issue 6.4 million units of IPO.

The AGM of the company, which was held in Rupandehi on Monday (October 30), has approved the decision of its BoD. The meeting of BoD elected Sulav Agrawal as the president.

Issuing a statement, the company said that it currently has a total paid-up capital of Rs 2.15 billion. The company has its corporate office at Baneshwar in Kathmandu.