Prabhu Mahalaxmi Life Insurance Puts 142,300 Promoter Shares Up for Auction

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced the auction of 142,300 units of its promoter shares. The company has opened the sale through an auction process, inviting bids from interested investors.

According to the company, the minimum price per share has been set at Rs 203, making the total minimum bid amount Rs 28,886,900 for all the shares on offer. Interested buyers must therefore submit a bid for the entire block of shares.

The auction is open to all interested parties, including existing promoter shareholders, individuals, companies, and organizations. Bids can be submitted from Ashoj 19 to 22.

Bid forms will be available at the office of Prabhu Capital Limited, the sales manager for this auction, located in Kamaladi, Kathmandu. The completed bid forms must also be submitted to the same office within the stipulated time frame.