Progressive Finance Opens Auction For 218,692 Founder Shares

28th July 2026, Kathmandu

Progressive Finance Limited has officially published a notice regarding the sale of 218,692 founder shares.

Progressive Finance Opens Auction

The financial institution has invited purchase applications directly from its existing founder shareholder group, exercising their statutory right of first refusal.

The shares belong strictly to the founder equity category. Under current regulatory guidelines, existing founder members are given primary priority to acquire available internal equity before the shares can be made available to outside investors.

Thirty-Five Day Application Window Provided

Eligible founder shareholders have been allocated a thirty-five day timeframe from the date of notice publication to express their interest and submit formal purchase offers.

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Interested applicants must address and deliver their formal buying applications directly to the Board of Directors at the head office of Progressive Finance Limited within the stipulated deadline.

Potential Opening For Public And Institutional Investors

The company clarified that if no applications are submitted by existing founder shareholders within the thirty-five day window, the auction process will transition to the next phase.

In that scenario, the 218,692 founder shares will subsequently be offered for purchase to other interested individuals, corporate entities, and institutional investors in accordance with regulatory provisions laid down by Nepal Rastra Bank and the Securities Board of Nepal.

For More: Progressive Finance Opens Auction