Himalayan Life Insurance Puts Promoter Shares Up for Sale
Kathmandu — Himalayan Life Insurance Limited has announced the sale of 102,240 units of its promoter shares. The company has opened this opportunity exclusively to its existing promoter shareholders in the initial phase.
As per the notice, interested promoter shareholders are required to submit written applications along with the necessary documentation to the company’s legal department within 35 days from the date of publication.
The company has further stated that if it does not receive any intent or documentation from the existing promoters within the given timeframe, it will initiate the process to offer the unsold shares to the general public in accordance with regulatory provisions.