Progressive Finance Limited and Kumari Bank Limited have put their founder shares up for sale, offering them first to existing founder shareholders as per Nepal Rastra Bank directives.
Founder Shares of Progressive Finance and Kumari Bank Up for Grabs
Progressive Finance Limited and Kumari Bank Limited have put some of their founder shares on sale. Following the rules of Nepal Rastra Bank, both of the institutions are offering these shares only to existing founder shareholders in the first phase.
Details of Progressive Finance Shares
Progressive Finance is selling 2 lakh 18 thousand 692 units of founder shares. Existing founder shareholders who want to buy these shares need to apply to board of directors within 35 days from the date this notice was published. The company clear that if no applications are received from existing founders within the time, these shares will be sold to the general public.
Details of Kumari Bank Shares
Similarly, Kumari Bank is also selling 47 thousand 324 units of founder shares owned by its founders. According to the bank, interested existing founder shareholders can submit their application within 35 days of the notice publication. They can apply at Kumari Capital Limited in Naxal, Kathmandu, or at the bank’s head office located in Tangal. The bank also said that the selling price of the shares will be as decided by the seller.
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.
