IME Limited is set to exit Nepal Infrastructure Bank (NIFRA) by selling all of its founder shares held in the bank. IME Limited owns 0.50% of NIFRA, amounting to 1,080,000 founder shares, each priced at NPR 150. Based on this price, the total value of shares up for sale is NPR 16.2 crore.
The shares will be available for purchase by both the general public and interested institutions. Investors wishing to acquire the shares must submit their bids within seven days of the bank’s public notice. The bank has mandated that applicants must apply for the entire quantity of shares on offer.
Applications must be submitted to the Legal Department at the bank’s registered office in Baneshwor, Kathmandu. If the submission deadline falls on a public holiday, applicants are allowed to submit their documents on the next working day.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
