Sanima Bank Limited has initiated the sale of 60,000 founder shares, setting the minimum price at Rs. 125 per share.
Sanima Bank Announces Founder Share Sale
Sanima Bank Limited has started the process to sell a total of 60,000 units of founder shares. These particular shares were originally registered under the name of Mr. Sudhir Kumar Agrawal, one of the bank’s founder shareholders.
Eligibility and Application Details
The bank has set the lowest selling price for these shares at Rs. 125 per unit. Following the directives issued by Nepal Rastra Bank (NRB), the first right to buy founder shares belongs to the bank’s existing founder shareholders. This means that, for now, only current founder shareholders are eligible to apply for these shares.
Founder shareholders who are interested in purchasing these shares needs to submit their applications along with all the necessary documents. Applications must be delivered to the bank’s central office, located in Naxal, Kathmandu, within a timeframe of 35 days from the announcement date.
Future Plans for Unsold Shares
Sanima Bank has stated that if it does not receive enough applications from existing founder shareholders within the specified 35-day period, the bank will then move forward with procedure to offer the remaining shares to the general public. This ensures that any unsold shares will eventually be made available to a wider group of investors.
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.
