Prabhu Mahalaxmi Life Insurance Announces Sale of 30,088 Founder Shares
11th August 2026, Kathmandu
Prabhu Mahalaxmi Life Insurance Limited has officially announced the sale of 30,088 founder shares currently held by an existing founder shareholder.
Prabhu Mahalaxmi Founder Shares
The insurance provider published a public notice initiating the share auction and transfer process in accordance with regulatory guidelines governing insurance institutions in Nepal.
Priority Allocation for Existing Founder Shareholders
In compliance with prevailing legal provisions and insurance sector guidelines, existing founder shareholders of the company hold the primary right of refusal.
Consequently, the 30,088 founder shares are initially made available exclusively to the current founder shareholders of Prabhu Mahalaxmi Life Insurance Limited.
Application Process and Deadline Requirements
Eligible founder shareholders interested in purchasing the offered shares must submit a formal application along with the required supporting documentation.
The application must be delivered directly to the corporate central office of the company located at Kamaladi, Kathmandu.
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Applicants must complete the submission within 35 days from the official date of publication of the notice.
Secondary Option for General Public Investors
Prabhu Mahalaxmi Life Insurance Limited clarified that if existing founder shareholders do not submit purchase applications within the stipulated 35 day period, the company will proceed with the next legal steps.
Upon expiration of the priority window, the remaining unsold founder shares will be opened for sale to other individual or institutional investors from the general public.
Strategic Value for Existing Shareholder Expansion
The offer gives existing founder shareholders a direct opportunity to consolidate their shareholding and expand their ownership stake within the company.
Should the priority timeline conclude without full subscription, the process opens doors for new external investors to acquire promoter equity in the life insurance enterprise.
For More: Prabhu Mahalaxmi Founder Shares
