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Union Life Insurance to Issue IPO

Union Life Insurance is set to issue initial public offering worth Rs 645 million to the general public. The first annual general meeting of the company endorsed a proposal of issuing 30 percent IPO of its paid-up capital.

Union Life will issue 6.4 million units of IPO at a face value of Rs 100 totaling Rs 645 million. The AGM handed over the authority of issuing IPO after taking necessary permission from the regulatory bodies to its board of directors.

Moreover, the AGM also elected four directors from promoter shareholders to the board.,28 nov 2017



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