Shangri-La Development Bank Offers 15,027 Promoter Shares for Sale and Invites Applications
4th August 2026, Kathmandu
Shangri-La Development Bank Limited has published an official notice announcing the sale of 15,027 promoter shares.
Shangri-La Bank Promoter Shares
The national-level development bank has invited applications from eligible investors in accordance with prevailing Nepal Rastra Bank regulations.
The promoter share offering provides an opportunity for qualified investors to acquire an equity stake in the development bank.
Background and Shareholder Application
The decision to initiate the share sale comes after promoter shareholder Indra Prasad Shrestha submitted a formal application to sell 15,027 promoter shares registered under his name.
Following the receipt of the application, the Board of Directors of Shangri-La Development Bank evaluated the request and decided to proceed with the share transfer process.
First Right of Refusal for Existing Promoters
In compliance with the regulatory framework outlined in Nepal Rastra Bank Unified Directive 2082, existing promoter shareholders are granted the first right of refusal.
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Current promoter shareholders of the bank will receive priority to purchase the offered shares within the designated timeframe.
If no applications are received from existing promoter shareholders within the specified application window, the bank will open the purchase option to other eligible individuals, firms, or corporate institutions.
Application Process and Submission Deadline
Interested applicants must submit a formal written application to the Central Office of Shangri-La Development Bank Limited located in Baluwatar, Kathmandu.
The application must be delivered within 35 days from the official publication date of the notice.
Applicants are required to clearly state the total number of shares they intend to buy and attach all necessary supporting documentation, including legal identification and financial disclosures.
Further information regarding pricing details and procedural requirements can be obtained directly from the Share Department of the bank.
Summary of Shangri-La Development Bank Share Sale
- Issuing Entity: Shangri-La Development Bank Limited
- Share Type: Promoter Shares
- Total Quantity Offered: 15,027 shares
- Selling Shareholder: Indra Prasad Shrestha
- Regulatory Basis: Nepal Rastra Bank Unified Directive 2082
- Priority Category: Existing promoter shareholders first
- Application Deadline: 35 days from notice publication
- Submission Location: Central Office, Baluwatar, Kathmandu
For More: Shangri-La Bank Promoter Shares
