Three major founder shareholders of Machhapuchhre Bank Limited are preparing to exit their stake, putting approximately 31 lakh founder shares up for sale. According to the bank, K.M.C. Automobiles Pvt. Ltd., Associated Automobiles Pvt. Ltd., and Himalayan Enterprises have collectively offered 30,97,380 shares for sale. Of these, K.M.C. Automobiles has listed 13,58,103 shares, Associated Automobiles 9,97,831 shares, and Himalayan Enterprises 7,41,446 shares.
Only existing founder shareholders of the bank are eligible to apply for these shares. Interested shareholders must submit their applications within 35 days. If no applications are received from current founder shareholders within the stipulated period, the bank will proceed to sell the shares to the general public.
The chairperson of K.M.C. Automobiles, Associated Automobiles, and Himalayan Enterprises is Arun Kumar Chaudhary, while Shila Chaudhary serves as the director. K.M.C. Automobiles and Associated Automobiles primarily operate in the import of vehicle spare parts, whereas Himalayan Enterprises is engaged in the purchase, sale, import, and export of various goods.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
