Prabhu Mahalaxmi Life Insurance is now offering its promoter shares to the general public after existing promoter shareholders did not purchase them.
Prabhu Mahalaxmi Life Insurance has opened the sale of 469,302 units of its promoter shares for the general public. Initially, these shares were made available to the company’s existing promoter shareholders.
The company issued a 35-day notice on Baisakh 15, inviting applications from its current promoter shareholders to buy these shares. However, no purchase applications was received from the existing shareholders within the given period.
Following this, the company has decided to offering these shares to the general public. Interested members of the public can submit their applications along with the necessary documents within seven days from the date of the notice’s publication. Applications should be submitted at the company’s central office, which located in Kamaladi, Kathmandu.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
