Kathmandu, 28 August: Nepal Life Insurance Company Limited, one of the leading life insurance companies of Nepal and National Merchant Bank Company Limited (NMBL), recognized by the Security Board of Nepal, have agreed to purchase percent founders share of  NMBL. The Chief Executive Officers of Nepal Life Insurance Company Limited and National Merchant Bank Company Limited Santosh and Nabin Banskota, on behalf of their respective companies, signed a Memorandum of Understanding (MoU)  amid a function held in Kathmandu on Saturday. With the purchase of the share, the issued capital and paid-up capital of Nepal Life Insurance Company Limited will be to the tune of Rs 300 million, according to a press release issued by the  Nepal Life Insurance Company. People's News Monitoring Service