Prabhu Mahalaxmi Life Insurance Offers Founder Shares for Sale
Prabhu Mahalaxmi Life Insurance Limited has announced the sale of its founder shares. The insurance company is offering 44,000 units of founder group shares to eligible buyers.
According to the announcement, the shares being offered are owned by NRN Infrastructure and Development Limited. These shares are exclusively available for purchase by existing founder shareholders of Prabhu Mahalaxmi Life Insurance. Interested founder shareholders are required to submit their applications within the next 35 days.
Applications should be submitted to the central office of Prabhu Mahalaxmi Life Insurance, located in Kamaladi, Kathmandu. The company has also stated that if no applications are received from existing founder shareholders within the stipulated timeframe, the remaining shares will be offered to the general public through a public offering process. This provides a potential opportunity for public investors to acquire shares in Prabhu Mahalaxmi Life Insurance in the future. This is a key piece of business news for those interested in investing in the insurance sector. The share sale could influence the stock market for this particular life insurance company.
