Prabhu Mahalaxmi Life Insurance Opens Sale of 13,000 Promoter Shares
7th October 2026, Kathmandu
Prabhu Mahalaxmi Life Insurance Limited has placed 13,000 units of promoter shares up for sale.
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Prabhu Mahalaxmi Promoter Shares
The shares offered belong to promoter shareholder Nawaraj Adhikari.
Key Sale Conditions and Application Process
- Eligible Applicants: In accordance with regulatory requirements prioritizing existing shareholders, the sale is currently restricted to current promoter shareholders of the company.
- Application Window: Interested promoter shareholders must submit their application along with the required documentation as prescribed by the Nepal Insurance Authority within 35 days from the publication date.
- Submission Location: Applications must be delivered to the company’s central office situated in Kamaladi, Kathmandu.
- Secondary Provision: If existing promoter shareholders do not submit purchase applications within the stipulated 35-day timeframe, the company will initiate proceedings to open the sale to other individual or institutional investors.
For More: Prabhu Mahalaxmi Promoter Shares
