Shikhar Insurance Company Limited has initiated the sale of founder shares following applications from some founder shareholders who wish to sell their shares. The number of shares to be sold and the details of the concerned shareholders have not yet been disclosed.
As per prevailing regulations, existing founder shareholders are given priority when founder shares are offered for sale. Interested founder shareholders must contact the Company Secretary’s office of Shikhar Insurance within 35 days from the date of the public notice to submit their purchase applications.
If no applications are received from existing founder shareholders within the stipulated period, the company will offer the remaining shares for sale to the general public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
