Founder Share Sale Announced by Siddhartha Bank as Existing Shareholder Exits Stake
15th October 2026, Kathmandu
Siddhartha Bank Limited has published a 35-day public notice inviting existing founder shareholders to purchase 121,125 units of founder shares placed on sale by promoter shareholder Shyam Sundar Khetan.
Founder Share Sale Announced
Founder Share Transaction Framework and Purchase Application Timeline
The commercial bank initiated the founder share transfer process to grant first right of refusal to its existing promoter shareholders before opening the offering to external investors.
- Shareholder Exit Details: Founder shareholder Shyam Sundar Khetan has offered his entire holding of 121,125 units of founder shares for public sale and transfer.
- Statutory Rights Priority: Existing founder shareholders are granted the first right of refusal to acquire the offered equity stake in line with banking regulatory directives.
- Application Submission Window: Interested existing founder shareholders must submit a formal written application specifying the desired share quantity along with required supporting documents within 35 days from the notice publication date.
Central Submission Point
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Applications must be physically submitted to the Company Secretary Office situated at Siddhartha Bank Central Office in Naxal, Kathmandu.
Open Market Sale Clause
If no purchase applications are received from existing founder shareholders within the designated 35-day window, or if the offered shares remain partially unsubscribed, the bank will initiate the legal process to sell the remaining founder shares to other external individuals or institutional buyers.
For More: Founder Share Sale Announced
