Nepal Life Insurance Puts 200,000 Promoter Shares Up for Sale

Kathmandu — Nepal Life Insurance Company has announced that 200,000 promoter shares held by shareholder Bodh Prasad Tripathi are available for sale. The company has opened the offering exclusively for existing promoter shareholders in the first phase.

According to the notice, if the current promoter shareholders do not submit purchase applications within 35 days, the company will then make the shares available to the general public.

Interested promoter shareholders must submit their applications to the share registrar, Nepal Life Capital Limited, located in Kamalpokhari, Kathmandu.

The company clarified that if no applications are received within the stipulated period, the shares will be made available for sale to the public.