Shangrila Development Bank Limited has made 15,027 units of promoter shares available for sale to the general public after existing founders did not purchase them.
Shangrila Development Bank Limited announced that it is opening the sale of 15,027 units of its promoter shares to the general public.
These particular promoter shares belonged to a founder shareholder of the bank, Mr. Indra Prasad Sherchan. The bank first offered these shares to its existing promoter shareholders by issuing a 35-day notice for their purchase. However, the shares were not purchased within the given period. Due to this, the bank has now provided an opportunity for general individuals and institutions to acquire these shares.
Individuals and institutions who wish to purchase shares must submit application with all the necessary documents. Applications should be submitted to the bank’s central office located in Baluwatar, Kathmandu. The deadline for submission is within 15 days from the date the bank publishes this notice.
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.
