Mahalaxmi Life Insurance IPO issue
Mahalaxmi Life Insurance Limited (MLIL) is planning to issue IPO to the general public. MLIL is going to issue 90 lakh IPO at near future. This company has make the decision of IPO issue on recent annual general meeting. That wad the special Annual General Meeting of MLIL.There are many companies which are going to issue IPO to the general pubic in near future.
About Company
Mahalaxmi Life Insurance Ltd. (MLIL) is established by the renowned group of business persons, bankers and insurance specialists. MLIL is registered life insurance service provider Company vide registration #137740/072/73 from the Government of Nepal. MLIL is registered to operate Life Insurance Business from Beema Samiti (Insurance Regulatory of Nepal) vide registration # 19/075
Capital Structure
Authorized Capital: 2000 Million
Issued Capital: 2000 Million
Paid-up Capital: 1400 Million
Promoter and Public ratio: 70:30
MLIL is promoted by Commercial Banks, Development Banks, Renowned Business Persons & Industrialist, Doctors, Engineers, Advocate, Chartered Accountants, Eminent Professional experienced in Banking, Audit and Insurance.
Institutional Promoters
Mega Bank Ltd.
Jyoti Development Bank Ltd.
NMB Bank Ltd.
Mahalaxmi Bikas Bank Ltd.
Excel Development Bank Ltd.
Vision
To become a trusted life insurance company of the nation.
Mission
To become a preferred life insurance by offering wide range of innovative and suitable products through the extensive network of enthusiastic and dedicated people adapting modern technology.
Goal
To provide life insurance protection to each household of the nation.
Objectives
To ensure access to life insurance for all by offering best suited products.
To adapt to the technological advancement in life insurance sector
To encourage saving as well as ensure financial security of the insured
To provide optimum returns to insured and stakeholders
To adhere to prudent norms and regulatory compliance
To create insurance awareness among Nepalese
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