Siddhartha Premier Insurance Puts Promoter Shares Up for Sale

Kathmandu – Siddhartha Premier Insurance Limited has announced the sale of 994,622 units of promoter shares belonging to one of its existing promoter shareholders. However, the company has not disclosed the name of the shareholder involved in the transaction.

In line with the directives of the Nepal Insurance Authority, the company has prioritized offering these shares to its existing promoter shareholders. Accordingly, only current promoter shareholders are eligible to apply for the shares at this stage.

Interested parties must submit their applications to the company’s head office located in Babarmahal, Kathmandu, within the next 35 days.

The company has stated that if no applications are received from institutional shareholders within the given timeframe or if all shares are not subscribed, it will proceed with the process to offer the remaining unsold shares to the general public.