Pokhara Finance has decided to sell 2 lakh 23 thousand 568 units of its founder shares to the general public after failing to attract enough interest from current shareholders.
Details of the Share Sale
The shares being offered include 1 lakh 66 thousand 56.94 units originally held by Man Bahadur Gurung and 57 thousand 511.17 units from Narayan Babu Lohani. The company previously tried to sell these shares to existing founder shareholders by issuing a 35-day notice, but the response was not enough to clear the total volume.
Because the founders did not show enough interest, the finance company decided to launch a 7-day notice to invite applications from general investors. This gives everyone a chance to buy these specific founder shares which are usually kept by the early investors only.
How to Apply
If any person or organization wants to buy these shares, they need to submit an application within 7 days from the date of the public notice. The application must be delivered directly to the head office of Pokhara Finance located in Kamaladi, 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.
