Prabhu Mahalaxmi Life Insurance and Himalayan Bank have placed a portion of their founder shares on sale. Prabhu Mahalaxmi Life Insurance has made 155,800 shares from its founder group available for purchase, while Himalayan Bank has opened 1,282,588 founder shares for sale. At present, only existing founder shareholders are eligible to apply for these shares.
Interested founder shareholders must submit their applications within 35 days from the date of the announcement. Applications for Prabhu Mahalaxmi Life Insurance can be submitted at the company’s central office in Kamaladi, Kathmandu. For Himalayan Bank, applications can be submitted at the bank’s Legal Department, also located in Kamaladi, Kathmandu.
The banks have stated that if founder shareholders do not apply within the specified period, the remaining shares will be offered for sale to other individuals and institutions. This ensures that all unsold shares are eventually made available to the wider market.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
