Sun Nepal Life puts 52,827 founder shares up for sale
Sun Nepal Life Insurance Company Limited has offered 52,827 founder shares for sale. As existing founder shareholders are given priority, a 35-day deadline has been set for them.
Sun Nepal Life Insurance Company Limited has put 52,827 founder shares up for sale. The company issued a notice inviting interested buyers to apply.
As per the legal provision requiring priority to be given to existing founder shareholders when selling founder shares, the company has issued the notice with a 35-day deadline. Within that period, interested founder shareholders must appear in person at the company's corporate office at Putalisadak, Kathmandu, and submit an application disclosing how many shares they wish to purchase.
The price of the founder shares being sold will be as determined by the seller, provided it is not lower than the prevailing market price. For information regarding the per-share price set by the seller, one must contact the company's Legal Department.
If no applications for share purchase are received from existing founder shareholders within the stipulated deadline, the company has stated that necessary action will be initiated to sell the shares to other individuals or institutions as per prevailing law.