Eight individual and institutional promoters of Prabhu Bank have decided to sell a combined total of 547,802 units of their promoter shares.
Details of the Share Sale
Prabhu Bank has announced that eight of its promoter shareholders are putting their stakes up for sale. The bank is currently moving forward with the process by giving priority to existing promoter shareholders who might be interested in increasing their holdings.
The total volume of shares being offered is 547,802 units. According to the records provided by the bank, Jamuna Kumari Shrestha is selling 1 lakh 31 thousand 747 units, and Tilak Bahadur Pradhan has put 38 thousand 44 units up for sale. Additionally, Venture Holdings Pvt. Ltd. is looking to sell 1 lakh 26 thousand 536 units, while Himani Shah is offering 5 thousand 262 units of promoter shares.
Other Involved Shareholders
The list of sellers also includes Ranjita Shrestha with 28 thousand 133 units and Man Dahal with 5 thousand 949 units. Kamala Adhikari Sapkota is selling 14 thousand 900 units, and Bel Bahadur Bhandari is planning to sell 1 lakh 27 thousand 231 units.
Process for Purchasing
According to the company rules, existing promoter shareholders must get the first chance when promoter shares are being sold. Because of this, the bank has informed that anyone who is interested must apply within 35 days. If no current shareholders come forward to buy these shares within the time limit, the bank will then offer them to other individuals or organizations.
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.
