Jyoti Life Insurance to issue IPO

January 25: Jyoti Life Insurance Company decided to issue initial public offering (IPO) of Rs 660 million. The company’s first annual general meeting held at its Pokhara-based office approved the decision.

The assembly has also approved the board of directors’ report, audit report, profit and loss statement of fiscal year 2017. Besides this, the assembly has also unanimously elected Pashupati Murarka, Nanda Kishor Sharma, Aakash Golcha and Sharmila Shrestha Maharjan as its board members.