Surya Jyoti Life Insurance to Sell 300,000 Promoter Shares

Shares Priced at NPR 210 Each Under NIC Asia Bank's Ownership

Surya Jyoti Life Insurance is set to sell 300,000 promoter shares, with each share priced at NPR 210 under the ownership of NIC Asia Bank. The existing promoter shareholders, as well as other individuals and institutions, can apply to purchase these shares from Ashar 4 to Ashar 11.

Expanded Sale After Unsuccessful Distribution

Initially offered to existing promoter shareholders, these shares are now available to other individuals and institutions due to the previous unsuccessful distribution.

Application Details

Interested buyers can apply for a minimum of 5,000 shares and up to the entire 300,000 shares within the specified timeframe. Applications must be submitted with a bid equal to or higher than the set price of NPR 210 per share. NIC Asia Capital Limited is managing the share sale.

Application Locations

Prospective applicants can submit their applications at NIC Asia Capital Limited, NIC Asia Bank's corporate office at Trade Tower, Thapathali, and branch offices in Biratnagar, Birgunj, Pokhara, Butwal, Dhangadhi, and Surkhet.

This share sale presents a unique opportunity for investors to acquire promoter shares in Surya Jyoti Life Insurance, enhancing their stake in the company.