Citizens Bank International Ltd. and Shangrila Development Bank Ltd. have opened the sale of promoter shares to the general public after offering them first to other promoters.
Citizens Bank International Ltd. has opened for public sale 50,000 promoter shares owned by Arun Bhagat at NPR 116 per share and 54,811.57 shares owned by Yadunath Ghimire at NPR 120 per share. The bank had initially provided an opportunity for purchase to existing promoters before opening the shares for the general public. Interested buyers for the NPR 116 shares must submit their applications within 35 days, while applications for the NPR 120 shares must be submitted within 7 days at the bank’s central office in Narayanhiti, Kathmandu.
Similarly, Shangrila Development Bank Ltd. has made 89,759 promoter shares available for public sale. Of these, 64,000 shares are owned by Balram Shrestha and 25,759 shares by Bishwaprakash Gurung. Initially, the bank opened the shares for sale to other promoters for 35 days in accordance with regulations prioritizing promoters, but due to lack of applications, the shares are now open for public purchase.
Individuals or institutions interested in purchasing the shares must submit applications along with the required documents within 15 days at the bank’s central office in Baluwatar, Kathmandu. The bank has instructed that applications must clearly specify the number of shares the applicant wishes to purchase.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
