Liberty Micro Life Insurance appoints NIMB Ace Capital for Rs 225m share issuance

KATHMANDU: Liberty Micro Life Insurance has appointed NIMB Ace Capital as the Issue Manager for the issuance of 2.25 million ordinary shares, valued at Rs 225 million in total. These shares will be offered to the public at a face value of Rs 100 per share, representing 30% of the company's issued capital.

Liberty Micro Life Insurance was established with the aim of providing micro life insurance services to low-income individuals, residents of underdeveloped areas, and marginalised communities.

The company received its micro life insurance licence on August 18, 2023 and commenced formal operations on  December 22, 2023.

The agreement was signed on August 25, 2024 by Ram Kumar Yadav, Chief Executive Officer of Liberty Micro Life Insurance, and Sachindra Dhungana, General Manager of NIMB Ace Capital.