Prabhu Mahalaxmi Life Insurance Company Limited has announced the sale of 130,442 promoter shares currently owned by its existing founding shareholders. These shares are not open to the general public. Only the existing promoter shareholders of the company are allowed to apply for purchase. Interested promoters must submit their applications within 35 days starting today.
Applications need to be submitted in person at the company’s central office in Kamaladi, Kathmandu.
Price and Conditions
The minimum price set for these promoter shares is Rs. 203 per unit. The application process is through sealed bidding, and applicants must submit bids for the entire lot of shares, not partial quantities.
This type of share sale may slightly shift the internal ownership structure of the company. While it’s limited to promoters only, the move reflects a level of transparency and formality in how internal share ownership is managed.
