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Siddhartha Bank Sells Over 2,72,000 Promoter Shares

. Siddhartha Bank has published a 7-day notice on the sale and transfer of promoter shares. The promoter shareholder of the bank, Leela Devi Sharada, is going to sell 2,72,737 units of promoter shares in her name.

As per the unified directive of Nepal Rastra Bank, a 35-day notice was published giving priority to the existing promoter shareholders in the first phase.TAG_OPEN_div_8 However, the bank has said that it has started the process to sell the shares to other individuals as no existing promoter shareholders have applied for the purchase within the stipulated period.

The bank has requested interested individuals and organizations to apply for the shares along with the required documents along with the number of shares they want to purchase within 7 days from the date of publication of the notice to the office of Company Secretary of Siddhartha Bank.TAG_OPEN_div_6

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