Promoter Shares of Two Companies in Auction From Today
Summary
Promoter shares of Prabhu Mahalaxmi Life Insurance Company Limited and Miteri Development Bank Limited are being auctioned to the public and institutions from today. Interested bidders must submit applications within the specified deadlines at the companies’ central offices in Kathmandu and Dharan.
Key Points
- Prabhu Mahalaxmi Life Insurance Company Limited is auctioning 13,56,600 promoter shares to the general public and institutions.
- Miteri Development Bank Limited is auctioning 1,62,524 promoter shares under the same process.
- Eligible bidders include individual investors, companies and institutions, with applications due within 7 days for PMLI and 35 days for MDB.
- Bids must be submitted at the companies’ central offices in Kamaladi, Kathmandu and Mahendrapath, Dharan, with Prabhu Capital Limited also named as a submission office for MDB.
