Prabhu Mahalaxmi Life Insurance Puts Promoter Shares Up for Sale

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced the sale of 11,858 units of promoter shares owned by its promoter shareholder, Ram Prasad Acharya.

As per regulatory provisions, priority will be given to existing promoter shareholders of the company in the purchase of these shares. Accordingly, only current promoter shareholders of Prabhu Mahalaxmi Life are eligible to apply at this stage.

Interested shareholders must submit their applications to the company’s central office in Kamaladi, Kathmandu, within 35 days. The company has stated that if no applications are received during this period, the remaining shares will be made available to the general public by the legal process.