Promoter Shareholder Mohanlal Agrawal of Prabhu Mahalaxmi Life Insurance Offers 100,000 Shares for Sale

Prabhu Mahalaxmi Life Insurance Limited has announced that its promoter shareholder Mohanlal Agrawal is offering 100,000 (one lakh) promoter shares for sale.

According to the company, the notice was first published on 12th Kartik, 2082, in line with Directive No. 11 of the Promoter Share Transaction Guidelines, 2077, issued by the Insurance Board of Nepal. The company has issued a 35-day notice inviting interested existing promoter shareholders to purchase the shares.

Interested promoter shareholders are required to submit their applications within 35 days from the date of this notice to the company’s central office at Kamaladi, Kathmandu. Applications must clearly mention the number of shares they wish to purchase along with the necessary supporting documents.

The company further stated that if no applications are received within the specified period, the process will proceed as per the prevailing legal provisions.

Prabhu Mahalaxmi Life Insurance Limited has urged all concerned promoter shareholders to submit their applications within the given timeframe.