Kathmandu. 350,000 shares of two insurance companies have been put up for sale.
A total of 354,000,201 promoter shares of Prabhu Mahalaxmi Life Insurance and IGI Prudential Insurance have been put up for sale. Of which, Prabhu Mahalaxmi Life has 274,001 promoter shares and IGI Prudential has 80,000 promoter shares.
Any individual and institution interested in Prabhu Mahalaxmi Life’s shares can apply for purchase. A deadline of 7 days has been given for this.
Investors can apply for the purchase of shares at the company’s central office in Kamaladi, Kathmandu within the specified period.
Similarly, existing founder shareholders of IGI Prudential as well as other individuals and institutions can submit bids for the purchase of shares. While submitting the bid, a purchase application must be submitted for a minimum of 80,000 shares.
The minimum price of the shares put up for sale has been set at Rs. 205 per share. Bids must be submitted at or above the minimum price.
Bids can be submitted until Chaitra 12. Bids must be submitted at Prabhu Capital, Kamaladi, Kathmandu.
