3rd March 2025, Kathmandu
Sanima Reliance Life Insurance has announced the sale of 1,563,485 promoter shares. These shares are available only to the company’s current promoter shareholders.
Sanima Reliance 1.56M Shares
The sale period is limited to 35 days, with the deadline set for March 27, 2024. Interested shareholders must submit their applications at the company’s central office in Naxal, Kathmandu.
How to Apply?
Promoter shareholders who want to buy the shares must apply by visiting the company’s head office. The company has made it clear that applications must be received before the deadline. No applications will be considered after March 27, 2024.
What Happens If Shares Are Unsold?
If the promoter shareholders do not purchase all the shares within the given time, the remaining shares will be made available to the general public. This offers other investors the opportunity to participate in the sale.
Reason Behind the Sale
Sanima Reliance Life Insurance is selling these shares as part of its efforts to ensure financial growth and expand its investor base. By giving priority to the current promoters, the company aims to maintain a strong ownership structure. However, opening the sale to the public if necessary, will allow a wider range of investors to buy shares. This helps enhance the company’s financial stability and growth potential.
Important Details
Total Shares for Sale: 1,563,485
Eligible Buyers: Only existing promoter shareholders
Deadline for Application: March 27, 2024
Application Location: Central office, Naxal, Kathmandu
Remaining Shares: If the promoters don’t buy all the shares, they will be offered to the public
Encouraging Participation
The company urges all eligible promoter shareholders to submit their applications within the specified period. Sanima Reliance Life Insurance believes this move will support its long-term growth and financial stability. It also provides an opportunity for other investors to participate if shares remain unsold by the deadline.
Future Growth Opportunities
Sanima Reliance Life Insurance sees this sale as a way to strengthen its financial foundation. By involving both promoters and the public, the company aims to create more opportunities for investors. The company remains confident that this initiative will positively impact its operations and future expansion.
If the shares are not fully subscribed by promoters, the company will open the sale to the public. This will give a wider range of investors the chance to participate in the company’s growth.
For more: Sanima Reliance 1.56M Shares