Sanima GIC Insurance Puts 580,000 Promoter Shares on Sale

Kathmandu – Sanima GIC Insurance Limited has once again announced the sale of 580,000 units of promoter shares, following the initial offering’s failure to receive applications. Sanima GIC

The company had earlier published a notice on 30th Shrawan (August 15), inviting existing promoter shareholders to purchase the shares within 35 days. However, as no applications were submitted within the given period, the company has reopened the process.

Promoter shareholders interested in buying the shares have been given an additional 15 days to submit their applications at the company’s head office in Tangal, Kathmandu. Applicants must clearly mention the number of shares they intend to purchase along with their proposed price.

Sanima GIC has further stated that if no promoter shareholder applies within the given deadline, the unsold shares will be opened for sale to the general public.