One of the major investors exiting from Prabhu Mahalakshmi Life Insurance

Kathmandu, Prabhu bank exiting from Mahalakshmi Life Insurance Limited by selling all of its share. There isn’t clear reason but bank has decided whole share want puts at sale. Prabhu bank is major stake holder of prabhu mahalaxmi life. Prabhu bank has announced the sale of 2,196,000 founder shares, exclusively available for existing founder shareholders.

If the existing founders fail to make a purchase within this period, the shares will be offered to the general public. Each applicant must apply for a minimum of 200,000 shares, with a set minimum price of Rs 203 per share. Applicants will also need to submit their bids at a competitive price.

Interested founders are required to apply at the company’s central office in Kamaladi, Kathmandu, within 35 days.