Citizen Life Insurance Offers 2.79 Million Founder Shares for Existing Promoters
16th October 2026, Kathmandu
Citizen Life Insurance Company Limited has put up 2,793,361 units of founder shares for sale, offering existing promoter shareholders the first right of refusal within a 35-day application window.
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Citizen Life Founder Shares
Share Auction Details, Promoter Priority, and Application Guidelines
The life insurance company announced the share sale in accordance with regulatory guidelines governing the transfer and auction of promoter shares.
- Total Share Quantity: A total of 2,793,361 promoter shares owned by existing founder shareholders have been put up for sale.
- Primary Eligibility: In line with prevailing insurance regulations, existing founder shareholders of Citizen Life Insurance are exclusively eligible to apply for the shares in the first phase.
- Application Deadline: Interested founder shareholders must submit their purchase applications within 35 days from the date of the public notice.
- Submission Location: Purchase applications must be delivered directly to the company’s registered central office located in Thapathali, Kathmandu.
- Provision for Public Auction: If existing founder shareholders do not submit purchase applications within the stipulated 35-day timeframe, the company will open the remaining shares for purchase to the general public, corporate entities, and other outside investors.
For More: Citizen Life Founder Shares
