Sagarmatha Lumbini Insurance Puts Over 482,000 Promoter Shares Up for Sale

Sagarmatha Lumbini Insurance Company Limited has announced the sale of 482,276 promoter shares currently held in the name of its existing promoters. The company issued a notice stating that interested existing promoter shareholders must submit their application specifying the number of shares they wish to purchase within 35 days, starting today (Jestha 13), at the company’s central office in Naxal, Kathmandu.

If the promoter shareholders do not exercise their right to purchase the shares within the stipulated time, the company has stated that the shares will be made available for sale to other individuals or institutions.