Shangri-la Development Bank Opens Process for Founder Share Purchase
30th June 2026, Kathmandu
Shangri-la Development Bank Limited has initiated the process for the sale of 15,027 founder shares owned by founder shareholder Indra Prasad Shrestha, inviting existing founder shareholders to exercise their pre-emptive purchase rights.
Shangri-la Bank Founder Share
The strategic offloading process follows a formal board decision after the shareholder formally expressed interest in selling his shares. This internal transaction structure is standard practice within national banking frameworks to manage major ownership transitions smoothly.
By providing existing promoters with the first opportunity to buy, the financial entity maintains equity structure stability and prevents external disruptions.
Regulatory Framework Guidelines and Pre Emptive Priority Rights
According to the bank’s public notice, the sale process follows a board decision after the shareholder formally expressed interest in selling the shares. In line with the Nepal Rastra Bank Unified Directive, existing founder shareholders will be given first priority to purchase the shares.
The directive ensures that internal co-owners can protect their proportional voting power before equity spreads to external investor pools.
Maintaining this internal preference protects corporate governance continuity and keeps institutional control aligned with the original promoter vision.
Direct Application Procedures and Strict Submission Timelines
Interested founder shareholders must submit an application, along with the required supporting documents, to the bank’s Central Office at Baluwatar, Kathmandu, within 35 days from the publication date of the notice. Applicants are required to clearly specify the number of shares they wish to purchase.
The centralized collection venue in Baluwatar allows the legal and compliance teams to verify all buyer credentials immediately.
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Failing to submit within the designated calendar window results in an automatic forfeiture of internal purchase options.
Secondary Distribution Contingency for Outside Eligible Buyers
The bank stated that if no applications are received from eligible founder shareholders within the stipulated period, it will proceed with the process of selling the shares to other eligible buyers in accordance with prevailing regulations.
This secondary fallback protocol opens ownership opportunities to external individual or institutional buyers.
The secondary allocation phase follows strict central bank clearance rules to ensure all incoming equity holders meet mandatory fit and proper financial standards.
Centralized Information Channels for Interested Investors
For additional information regarding the founder share purchase process, interested parties may contact Shangri-la Development Bank’s Share Department.
The specialized corporate office remains fully equipped to deliver clear guidance on share pricing, transfer documentation, and account registration.
As the registration period moves forward, management continues to focus on protecting transparency and maintaining absolute regulatory compliance across all transactional stages.
For More: Shangri-la Bank Founder Share
