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Kathmandu — Reliance Finance has announced the sale of a portion of its founder (promoter group) shares, with the offer initially limited to existing founder shareholders.
In a notice issued by the company, it stated that the number of shares and the offer price have not been disclosed. Interested founder shareholders have been asked to submit applications within 35 days.
Applications must be submitted to the company’s head office in Kamaladi, Kathmandu. Reliance Finance has clarified that if no applications are received from founder shareholders within the stipulated period, the shares will subsequently be offered for sale to the general public.
