Mahalakshmi Life will issue 60 crore shares

Kathmandu. Mahalakshmi Life Insurance Limited has decided to issue shares worth Rs. 600 million allotted to the public. The decision was taken at the company’s third annual general meeting.

Presenting the annual report at the meeting, Chairman Manoranjan Raman Sharma highlighted the current financial position of the company and future programs.

Expressing welcome remarks, Chief Executive Officer of the company Ramesh Kumar Bhattarai informed about the situation and problems in the life insurance sector.

The meeting also included the annual report submitted by the chairperson. Passed balance sheet, profit and loss account and other financial statements of 2075/76.

On behalf of the founder, Manoranjan Raman Sharma, Umesh Lal Shrestha, Shuresh Sapkota, Samjhana Aryal and Bishwachanda Ghimire have been elected unopposed directors for the next four years.