Prabhu Insurance Limited has received a request from one of its founder shareholders to sell 680,000 founder shares held in their name. As per the company’s regulations, existing founder shareholders are given priority to purchase these shares. Interested shareholders can submit their applications in writing at the company’s central office in Tinkune, Kathmandu, within 35 days from the notice date.
If no applications are received from existing shareholders within the stipulated period, the company will proceed to offer these shares to other individuals or institutions. The total number of founder shares available for sale is 680,000, and this process ensures that current shareholders have the first opportunity to maintain or increase their ownership stake.
The company has emphasized that this procedure complies with its regulations and provides a fair and transparent method for distributing founder shares before making them available to new investors. This measure also allows Prabhu Insurance to manage its equity structure while giving priority access to its existing shareholder base.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
