Nepal Life Insurance Company has signed MoU to acquire National Merchant Banker Limited.
The MoU was signed by Santosh Prasai, CEO of Nepal Life Insurance Company and Nabin Baskota, CEO of National Merchant Banker Limited.
With this, Nepal Life’s issued and paid-up capital has increased to Rs. 300 million. National Merchant Banker Limited will become the second merchant bank in the insurance sector with 51% share ownership of Nepal Life Insurance.
During the program, Deputy General Manager of Nepal Life, Amit Kayal, expressed happiness over the investment made by Nepal Life Insurance in the investment banker company. Chief Executive Officer of National Merchant Banker, Nabin Baskota, thanked the management of Nepal Life and said that it will continue to work as a reliable and strong banker company with other licenses issued by the Nepal Securities Board in the coming days.
Addressing the program, Chief Executive Officer of Nepal Life, Santosh Prasai, said that Nepal Life has succeeded in remaining the best brand in the life insurance sector by winning the trust of all.
