Citizens Bank Offers 60,000 Promoter Shares for Sale
25th September 2026, Kathmandu
Citizens Bank International Limited has placed 60,000 units of promoter shares on sale.
Citizens Bank Promoter Shares
The decision follows a formal application submitted by promoter shareholder Chandra Investment Private Limited expressing intent to sell its shareholding. In accordance with regulatory requirements, the bank has granted first right of refusal to its existing promoter shareholders before offering the equity to external investors.
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Promoter Share Offertory Details
The share sale allocation provides existing institutional and individual promoters priority acquisition rights.
- Total Offertory Shares: 60,000 units of promoter equity shares.
- Promoted Vendor: Chandra Investment Private Limited.
- Primary Right of Refusal: Existing promoter shareholders receive first preference to purchase the offered shares.
Application Timeline and Process
The bank has issued specific submission guidelines and timelines for interested buyers.
- Application Submission Deadline: Eligible promoter shareholders must apply within 35 days from the notice publication date.
- Application Venue: Written purchase applications must be submitted to Citizens Bank International Central Office located at Narayanhiti Path, Kathmandu.
- Contingency Execution Clause: If existing promoter shareholders do not apply within the designated 35-day window, the bank will initiate procedures to sell the remaining shares to other external individuals or corporate entities per prevailing regulations.
For More: Citizens Bank Promoter Shares
