Nepal Finance puts over 231,000 promoter shares up for sale
Nepal Finance Limited has offered 231,403 promoter shares held by two founders for sale. Only existing promoter shareholders can apply within 35 days.
Nepal Finance Limited has put a total of 231,403 promoter shares held by two founders up for sale.
According to the company, 226,403 shares owned by promoter shareholder Bijay Bahadur Manandhar and 5,000 shares owned by Mira Agrawal have been offered for sale.
Only existing promoter shareholders are eligible to apply for the purchase of these shares. Interested promoter shareholders must submit an application within 35 days of the notice's publication, stating the per-share price as per the rules, the company said.
If no application is received from any promoter shareholder within the stipulated deadline, the company will proceed with the sale process to other interested external buyers in accordance with prevailing laws and under the directives issued by Nepal Rastra Bank, the company stated.