24th January 2025, Kathmandu
Best Finance Company Limited has placed 535,927 founder shares up for sale. These shares are owned by six of its founding shareholders.
Best Finance Founder Shares Sale
In line with the company’s policy, the shares are being offered exclusively to its current shareholders in the initial phase. This move is part of Best Finance’s strategy to manage its shareholder base and enhance its capital structure.
Sale Exclusively for Current Shareholders
The company has established a 35-day window for its existing shareholders to express interest in purchasing the available shares. Shareholders can submit their purchase applications at the company’s central office in Kamaladi, Kathmandu. This exclusive sale aims to prioritize the company’s current investors, allowing them to increase their stake in the company.
Best Finance emphasized that only existing shareholders are eligible to purchase these shares during this period. The primary objective is to offer the opportunity to those who are already part of the company’s ownership structure. Interested shareholders must complete their applications within the specified period to be considered for the purchase.
Public Sale If Applications Are Not Received in Time
If, by the end of the 35 days, Best Finance does not receive sufficient applications from current shareholders, the company will open the sale to the general public. This ensures that the shares will still be sold and that the company can achieve its desired outcomes, whether through its existing shareholders or new investors.
Key Details of the Sale
Shares Available: 535,927 founder shares
Eligibility: Only current shareholders during the first 35-day window
Application Deadline: 35 days from the announcement
Location for Application: Best Finance’s head office in Kamaladi, Kathmandu
The company’s initiative provides a valuable opportunity for existing shareholders to enhance their stakes, and if necessary, allows the public to participate, ensuring that the shares are fully allocated.
For more: Best Finance Founder Shares Sale
