"A Global Invitation: Citizen Life Insurance Company Unveils 11,25,000 Units of IPO Shares for Nepalese Citizens Working Abroad"

1.  "A Global Invitation: Citizen Life Insurance Company Unveils 11,25,000 Units of IPO Shares for Nepalese Citizens Working Abroad"

Step into a realm where Citizen Life Insurance Company Limited unveils an extraordinary opportunity. Brace yourself as they present a grand spectacle: the release of 11,25,000 captivating IPO shares, exclusively offered to valiant Nepalese citizens traversing foreign lands. This grand unveiling commences on the auspicious 31st Ashad, captivating hearts until the 14th Shrawan, 2080, when the curtains gracefully fall.

Prepare to witness the majestic rise of this life insurance enterprise, adorned with an issued capital of Rs. 3.75 Arba. A dazzling 30% share, equivalent to 1,12,50,000 units, will illuminate the public sphere, embraced by the eager arms of Nepalese citizens abroad and the general populace. Of this exquisite offering, 10%, or 11,25,000 units, have been meticulously set aside for the valiant Nepalese citizens navigating foreign soils. As homage to the dedicated employees, 5% of this illustrious endeavor, or 562,500 units, has been tenderly reserved. Additionally, 5% of these magnificent shares, equating to 562,500 units, have been bestowed upon the esteemed mutual funds. The remaining 90,00,000 units, the pièce de résistance, shall be revealed to the general public at a later date.

Behold the ticket to this grand spectacle, priced at a mere Rs. 244 per share. Witness the fusion of Rs. 100 face value with a splendid premium price of Rs. 144, intertwining into an irresistible offering for the enchanting general public. Meanwhile, the dedicated employees of this captivating company shall hold shares adorned with a par value of Rs. 100.

The orchestrator of this enchanting extravaganza, NIMB Ace Capital, proudly claims the role of the esteemed issue manager. Under their watchful eye, the IPO issue shall craft a symphony of prosperity, raising an extraordinary sum of Rs. 2.66 Arba for the company. Within this melodic harmony, a sum of Rs. 1.53 Arba shall manifest as the ethereal premium amount, while the remainder gracefully enriches the company's paid-up capital.

A nod of approval from ICRA Nepal has bestowed Citizen Life Insurance Company Limited with an upgraded issuer rating. Emerging as [ICRANP-IR] BBB (pronounced ICRA NP Issuer Rating triple B), this esteemed title resonates with a moderate degree of safety, ensuring the timely fulfillment of financial obligations. Within this tapestry of trust, investors shall find solace.

Citizen Life Insurance Company Limited emerges as a wondrous entity, a public limited life insurance company (LIC) that blossomed under the watchful eye of the Insurance Board in August 2017, subsequently gracing the realm with its presence in October of the same year. Nestled within the heart of Teku, Kathmandu, its regal headquarters serve as a beacon of ambition. This masterpiece has been forged by illustrious visionaries, boasting a lineage that includes the illustrious media industry (Kantipur Publications Pvt. Ltd.), esteemed Nepalese BFIs, enchanting merchant bankers, visionary investment management companies, mesmerizing insurance entities, and revered high net-worth individuals. Together, they breathe life into this captivating tale of prosperity.

2. "The Grand Pause: Share Trading of PLI, VLBS, NSLB, LBL, and SRBL Takes a Breath for Merger, while ALBSL and RULB Await the Embrace of Acquisition"

Step into the realm of financial transformations, where the symphony of share trading gracefully halts for a mesmerizing dance of mergers and acquisitions. Behold, for the prestigious Nepal Stock Exchange (NEPSE) has announced a grand intermission.

In this enthralling act, the spotlight first shines upon Prabhu Life Insurance Limited (PLI), Vijaya Laghubitta Bittiya Sanstha Limited (VLBS), Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB), Laxmi Bank Limited (LBL), and Sunrise Bank Limited (SRBL). The trading of their securities pauses, as they embark on a remarkable journey of amalgamation. Meanwhile, Asha Laghubitta Bittiya Sanstha Limited (ALBSL) gracefully steps aside, surrendering its shares to the captivating embrace of Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) in a breathtaking acquisition.

The press releases issued by NEPSE, reminiscent of delicate whispers, announce this mesmerizing spectacle on the distinguished date of Ashad 28.

Prabhu Life Insurance Limited (PLI) takes center stage as the harmonious chords of merger-related laws halt its securities trading from Ashad 29, 2080. Recently, PLI and Mahalaxmi Life Insurance Limited (MLICL) concluded their final procedures, sealing their fate in a merger of equal proportions. Their exchange ratio, delicately balanced at 1:1, birthed a new entity, gracefully named "Prabhu Mahalaxmi Life Insurance Limited." The symphony of their joint business commenced on Ashad 29, 2080, enveloping the realm with anticipation.

PLI, adorned with a present paid-up capital of Rs. 2,196,000,000, announced a resplendent gift of 9.8% bonus shares worth Rs. 19.60 crores and a mesmerizing 0.5158% cash dividend worth Rs. 1.03 crores for the esteemed Fiscal Year 2077/78. In this delicate dance of mergers, Laxmi Bank Limited (LBL) and Sunrise Bank Limited (SRBL) entwine their destinies, prompting their share trading to gracefully pause from Ashad 29. From this day forth, their harmonious alliance unfolds under the enchanting name of Laxmi Sunrise Bank Limited. To prepare for this glorious union, their branch offices remained closed for two days, the 27th and 28th of Ashad, gracefully orchestrating data migration and other essential rituals.

LBL, embellished with a paid-up capital of Rs. 11.55 Arba, intertwines its fate with SRBL, graced by a paid-up capital of Rs. 10.11 Arba. Together, they emerge as a magnificent force, boasting a total paid-up capital of Rs. 21.66 Arba.

In this mesmerizing symphony of financial transformations, the enchanting melodies of Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) and Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB) entwine in a delicate embrace. Their securities trading halts from the enchanting Ashad 31, 2080, as they venture forth on the path of amalgamation. In a moment of agreement, their AGMs unanimously endorse a harmonious swap ratio of 1:1. As the dance concludes, the unified entity, adorned with the resplendent name "Vijaya Laghubitta Bittiya Sanstha Limited," commences its integrated business on the magical date of Ashad 31, 2080. Their combined paid-up capital, intertwining their financial souls, soars to Rs. 74.5 Crores.

Lastly, Asha Laghubitta Bittiya Sanstha Limited (ALBSL) gracefully steps into the wings, while Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) takes center stage. Their securities trading halts from the captivating Ashad 31, 2080, as NEPSE proclaims their enchanting union. The two companies, bound by a Memorandum of Understanding (MoU) signed on the sublime day of Chaitra 29, 2079, embrace a harmonious share swap ratio of 1:1. United under the ethereal name "Asha Laghubitta Bittiya Sanstha Limited," they embark on their integrated business journey, commencing on the very date of Ashad 31. With RULB's paid-up capital standing at Rs. 26 Crores and ALBSL's at Rs. 38.16 Crores, their union forms a financial masterpiece, igniting their total paid-up capital to a remarkable Rs. 64.16 Crores.

In this grand finale, the central office of "Asha Laghubitta Bittiya Sanstha Limited" finds its home in the breathtaking landscape of Banepa, Kavrepalanchowk, where it shall flourish and enchant all who seek its financial embrace.