Global IME Promoter Shares Sale Notice Published
10th March 2026, Kathmandu
Global IME Bank Limited has officially published a notice regarding the sale of its promoter shares, initiating a structured process that prioritizes existing internal stakeholders. This move follows an application by one of the bank’s current promoter shareholders to divest their holdings. In accordance with the Bank and Financial Institution Act (BAFIA) and Nepal Rastra Bank (NRB) regulations, the bank is first offering these shares to its existing promoter group before considering any outside investors.
Global IME Promoter Shares
The sale of promoter shares in Nepal’s commercial banking sector is a highly regulated procedure. Unlike ordinary shares, which can be traded freely on the secondary market via the Nepal Stock Exchange (NEPSE), promoter shares represent the foundational capital and strategic governance of the institution. Consequently, regulatory frameworks mandate a “right of first refusal” for existing promoters to ensure that the bank’s ownership structure remains stable and concentrated among individuals or entities that meet the central bank’s “fit and proper” criteria.
Key Details of the Promoter Share Sale
For those currently holding promoter shares in Global IME Bank, the following parameters define the current offering:
Application Window: 35 days from the date of the first notice publication (March 9, 2026).
Deadline: The application period concludes in mid-April 2026.
Location for Submission: Global IME Bank’s registered office in Kamaladi, Kathmandu.
Eligible Applicants: Strictly existing promoter shareholders of Global IME Bank during the initial 35-day period.
Interested promoters are required to submit a formal application detailing the number of units they wish to acquire and the price they are offering per share. If the existing promoter group does not subscribe to the full volume of shares offered within this 35-day window, the bank will then proceed to open the sale to external individuals or institutional investors, subject to further regulatory clearance.
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The Significance of Promoter Shares
Promoter shares often carry different market dynamics compared to public shares. While they represent a significant ownership stake and the ability to influence board-level decisions, they are also subject to specific lock-in periods and transfer restrictions. In the context of Global IME Bank—one of the largest commercial banks in Nepal following several historic mergers—these shares are considered high-value strategic assets. The current notice ensures that the transition of these units is conducted with full transparency and in total compliance with the Office of the Company Registrar (OCR) and NRB guidelines.
Steps for Interested Promoters
To participate in this internal sale, existing promoters should follow these steps:
Verify Holdings: Confirm your status as a current promoter shareholder in the bank’s records.
Obtain Official Notice: Review the specific details, including any disclosed unit counts, from the Kamaladi office.
Draft Application: Prepare a sealed application specifying the quantity and bid price.
Submit within Deadline: Ensure the application reaches the Kamaladi office before the 35-day period expires.
Once the internal deadline passes, the bank’s board will evaluate the applications. Successful transfers will require final approval from Nepal Rastra Bank and subsequent updates to the share register at the CDSC (CDS and Clearing Limited). This meticulous process highlights the emphasis placed on corporate governance within Nepal’s financial ecosystem.
For More: Global IME Promoter Shares
