Global IME Bank Initiates Sale of 46.77 Lakh Promoter Shares in Reliable Nepal Life Insurance
6th November 2026, Kathmandu
Global IME Bank Limited has formally initiated the divestment of its entire promoter equity holding in Reliable Nepal Life Insurance Limited.
Global IME Initiates Sale
The commercial bank submitted an official application to sell 46,77,120 units of promoter shares registered under its ownership.
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Key Details of the Promoter Share Divestment
The transaction involves a major block of founder equity currently held by Global IME Bank.
- Target Company: Reliable Nepal Life Insurance Limited.
- Selling Shareholder: Global IME Bank Limited.
- Share Category: Promoter Shares (Founder Shares).
- Offered Volume: 46,77,120 units (Entire promoter holding held by the bank in the insurance firm).
- Transaction Scope: Complete liquidation of Global IME Bank’s promoter equity stake in Reliable Nepal Life Insurance.
Regulatory Workflow and Purchase Eligibility
The distribution of promoter shares in the Nepalese insurance sector follows strict procedures outlined by regulatory bodies and corporate guidelines.
- Primary Rights Application: Existing promoter shareholders of Reliable Nepal Life Insurance receive first priority to purchase the offered shares.
- Secondary Allocation: If existing promoter shareholders do not apply for the full volume within the stipulated legal timeframe, the remaining shares will be opened to general individual and institutional investors.
- Application Instructions: Interested existing promoter shareholders are requested to submit formal applications in accordance with the terms established in the corporate notice.
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