Jyoti Bikas Bank's promoter shares on sale, only existing promoter shareholders get purchase opportunity
Jyoti Bikas Bank Limited has put promoter shares on sale following requests from promoter shareholders. Currently, only the bank's existing promoter shareholders can purchase them, with applications required within 35 days. The bank has stated that if no applications are received, the shares will be sold to the general public.
Kathmandu. Jyoti Bikas Bank Limited has put promoter shares on sale. After some promoter shareholders of the bank submitted requests to sell the shares held in their names, the bank has now put the shares on sale, allowing only the bank's existing promoter shareholders to purchase them.
The bank has not disclosed the number and price of the shares being sold. Shareholders interested in purchasing the shares can apply within 35 days, disclosing the details of the shares they wish to buy.
Applications must be submitted at the bank's central office located in Kamalpokhari, Kathmandu. The bank has stated that if no applications are received from shareholders within the stipulated deadline, the shares will be sold to the general public.