Siddhartha Bank Limited has started the process to sell a total of 469,122 units of promoter shares.
Siddhartha Bank Limited has announced the sale of 469,122 units of its promoter shares. The bank began the process to sell these shares, which currently belongs to promoter shareholders, starting from today.
Who Can Apply for the Shares?
From the total shares available, 157,479 units are exclusively for existing promoter shareholders of Siddhartha Bank. These shareholders must submit their applications to purchase the shares within 35 days from when the notice was publish.
The remaining 311,643 units of promoter shares are open for the general public to apply. The general public also need to submit their applications within 35 days from the date of the notice being issued.
The bank has clarified that should the existing promoter shareholders not submit their purchase applications within the given timeframe, the shares will then be offered to other interested individuals and organizations.
How to Apply
Any interested promoter shareholder and members of the general public who want to buy shares should submit a written application. This application must clearly state the number of shares they intend to purchase. The applications should be submitted at the Company Secretary’s office, located at the bank’s central office in Naxal, Kathmandu.
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.
