Himalayan Life Insurance Puts Promoter Shares Up for Sale

Kathmandu — Himalayan Life Insurance Limited has announced the sale of promoter shares held by its shareholders Jyoti Kumar Begani and Chanda Kumari Begani.

According to the company, a total of 143,697 promoter shares have been put up for sale. This includes 20,117.58 units and 20,053.6 units of 14 percent bonus shares from the accounts of Jyoti Kumar Begani and Chanda Kumari Begani, respectively.

The shares are currently available for purchase exclusively by existing promoter shareholders of the company. Interested parties must submit an application along with the necessary documents to the company’s legal department.

The company has also clarified that if no applications are received from promoter shareholders within the stipulated period, it will initiate the process to sell the shares to the general public as per regulatory guidelines