Siddhartha Bank Limited has started the sale of 42,305 units of its promoter shares specifically for its existing founder shareholders from Wednesday.
Siddhartha Bank Limited has opened the sale for 42,305 units of promoter shares under its founder group. The bank started this share sale process from Wednesday.
Who is eligible to purchase?
Currently, only the existing promoter shareholders of the bank are eligible to apply for buying these shares. If you are one of the founder shareholder of Siddhartha Bank and want to buy, you can submit application.
Application details and deadline
Interested founder shareholders need to write an application stating the number of shares they want to purchase. This written application must be submitted to the Company Secretary’s Office, which is located at the bank’s central office in Naxal, Kathmandu.
According to the bank, the existing shareholders must submit their application within 35 days from the date this notice was published.
What if existing shareholders do not apply?
If existing promoter shareholders do not submit any application within the given 35 days time, then the bank will start the process to sell these remaining shares to other individuals and institutions.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
