Prabhu Mahalaxmi Life Insurance Offers 148,600 Promoter Shares for Sale

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced the sale of 148,600 units of promoter shares, offering the opportunity first to its existing promoter shareholders by regulatory provisions.

As per the company’s notice, only existing promoter shareholders are eligible to apply for the purchase of these shares during the initial offering phase. Interested shareholders are required to submit their applications to the company’s central office in Kamaladi, Kathmandu, within 35 days from the date of publication.

The company has further stated that if the allotted shares are not fully subscribed by the existing promoter group within the given timeframe, the unsold portion will be made available for sale to the general public, following due procedures.