Kathmandu. Prabhu Mahalaxmi Life Insurance has issued 31,588 units of promoter shares. The company is going to sell the shares through sealed bidding at a minimum price of Rs 225 per share.
Investors interested in purchasing the shares have to submit an application to NIC Asia Capital, Thapathali within the office hours of September 18. Investors have to apply for a minimum of 5,000 units of shares.
The shares will be allotted on a priority basis to the applicant who accepts the highest price. Earlier, a 35-day notice was published giving preference to the existing promoter shareholders.
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