Sanima Reliance Life Insurance Puts 102,000 Founder Shares on Sale
30th September 2026, Kathmandu
Sanima Reliance Life Insurance Limited has placed 102,048 units of founder shares up for sale.
Sanima Reliance Founder Shares
The company initiated the issuance process after select founder shareholders submitted applications requesting regulatory approval to divest their respective share holdings.
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Regulatory Guidelines, Shareholder Priority, and Application Process
The share sale process is governed by the Founder Share Trading Guidelines 2080 issued by the Nepal Insurance Authority.
- Shareholder Preemption Right: Pursuant to regulatory directives, existing founder shareholders receive first right of refusal to acquire the offered founder shares. The shares will be offered to general individual or institutional investors only if existing founder shareholders fail to apply within the stipulated timeline.
- Application Submission Window: Interested existing founder shareholders are required to submit their purchase applications within 35 days from the notice publication date.
- Application Submission Location: Applications along with necessary documentation must be physically delivered to the company’s central office located in Naxal, Kathmandu.
- Alternate Share Liquidation: If no application is received from existing founders within the designated 35-day timeframe, Sanima Reliance Life Insurance will proceed with selling the shares to external individual or corporate investors in line with legal provisions.
For More: Sanima Reliance Founder Shares
