SADBL Puts Up Shares for Sale for its Shareholders

18th November 2025, Kathmandu

Shangri-la Development Bank Limited has issued an important notice initiating the process for the sale of a block of founder shares , exclusively offered to its existing promoter (founder) shareholders.

SADBL Shares for Sale

This process is triggered by a formal request from one of its founder shareholders, Mr. Nar Bahadur Gurung, who intends to sell 50,000 founder shares registered in his name.The bank’s Board of Directors reviewed the request, completed the necessary internal procedures, and has now moved forward with the sale, strictly adhering to regulatory requirements set by the central bank.

Regulatory Mandate for Share Sale Priority

The entire process is governed by a critical directive from Nepal Rastra Bank (NRB), ensuring priority is given to the current ownership structure.NRB Directive: The bank is mandated to offer the shares first to its existing founder shareholders in compliance with Point 15 (b) of the Nepal Rastra Bank Unified Directive No. 10/2081.

Priority Offering: This directive stipulates that priority for purchasing these founder shares must be given to existing founder shareholders of Shangri-la Development Bank Limited. This mechanism ensures that the control and ownership within the promoter group remain stable before any shares are offered externally.

This public notice serves as the formal communication to all current founder shareholders regarding this priority offering.

Application Procedure and Timeline

Any existing founder shareholder of Shangri-la Development Bank who wishes to acquire these 50,000 shares must submit a formal application within a specific timeframe.

Application Deadline: Interested founder shareholders are given a period of 35 days from the date of publication of this notice to submit their application. This deadline provides a defined window for existing promoters to assess and act on the opportunity.

Submission Details: The application must be physically submitted at the bank’s Central Office in Baluwatar, Kathmandu.

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Content Requirement: The application must be explicit, clearly mentioning the exact number of shares the founder shareholder intends to purchase.

Contingency Plan for Unsold Shares

The bank has outlined a clear protocol should the initial 35-day priority offering fail to secure buyers from the existing promoter group.

External Sale: If no applications are received from the existing founder shareholders within the specified time period, the bank will then proceed with the process to sell the remaining shares. These shares will be offered to other eligible individuals as per the prevailing rules and directives from the regulatory body. This usually involves offering the shares to the general public or other qualified investors after securing further regulatory approval.

Bank Information and Contact Details

Shangri-la Development Bank Limited is a financial institution licensed as a Class B institution by Nepal Rastra Bank, operating from its Central Office.

For any further details, interested founder shareholders are advised to directly contact the Share Department of Shangri-la Development Bank Limited.

Central Office: Baluwatar, Kathmandu

Phone: 01 4521861 / 4521862 / 4521863

For More: SADBL Shares for Sale