Sun Nepal Life to Sell 52,827 Founder Shares
Sun Nepal Life Insurance Company Limited is set to sell 52,827 founder shares. The company has issued a 35-day notice, offering the shares first to the bank's founder shareholders as per the priority provision.
Kathmandu. Sun Nepal Life Insurance Company Limited is set to sell 52,827 founder shares.
The company has issued a 35-day notice and put the shares up for sale, in accordance with the provision that priority must be given to the bank's founder shareholders.
Interested founder shareholders who wish to purchase the shares must submit an application at the company's corporate office within 35 days of the notice's publication, specifying the number of shares they wish to buy.
The company has stated that if no applications are received from founder shareholders within the stipulated time, the shares will be sold to other individuals or institutions.