Shangrila Development Bank Limited has announced the sale of its founder shares to the general public. The bank has offered 50,000 founder shares currently owned by existing founder shareholders for sale.
Interested investors can submit applications within 15 days from the date of publication of the notice. The bank has stated that companies, individuals, and institutions are all eligible to apply for the purchase of these founder shares.
Previously, the bank had issued a 35-day notice exclusively for existing founder shareholders to apply for the shares. However, as no applications were received during that period, the bank has decided to open the sale to the general public.
Applicants are required to specify the number of shares and the proposed price in their application and submit it to the bank’s central office located in Baluwatar, Kathmandu.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
