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The current promoter of Prabhu Mahalaxmi Life Insurance Company Limited (PMLI) is putting up 1,00,000 units of shares for auction to interested promoter shareholders starting today.
A total of 1,00,000 units of promoter shares will be put up for auction. Individuals who are keen are invited to place their bids within 35 days from the date of this notice’s publication, which is 12th Kartik, 2082.
Shareholders must submit their bids at the company’s central office located in Kamaladi, Kathmandu. Should there be no bids from existing founder shareholders within the given timeframe, the shares will subsequently be offered to the general public.
PMLI’s closing price stood at Rs. 475.00.
