Jeevan Bikas Founder Shares Sale Notice Issued
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24th February 2026, Kathmandu
The microfinance sector in Nepal is currently observing a notable shift in ownership structure as Jeevan Bikas Laghubitta Bittiya Sanstha Limited officially announced the sale of 20,400 units of founder shares. According to the formal notice issued on February 24, 2026 (Falgun 12, 2082), two prominent promoter shareholders have initiated the divestment of their holdings. Bisen Dev Mandal Gangai has placed 8,000 units on the market, while Niraj Pokhrel has offered 12,400 units for sale. As a leading national level microfinance institution headquartered in the Morang district, any change in the promoter cap table of Jeevan Bikas is a significant event for investors who track the stability and governance of the rural credit sector in Nepal. This transaction is being conducted under the strict oversight of the Nepal Rastra Bank and the prevailing bylaws governing the transfer of promoter level equity in licensed financial institutions.
Jeevan Bikas Founder Shares
The divestment process is strictly regulated to ensure that the control of the microfinance institution remains within the hands of its core promoters whenever possible. In accordance with the circulars issued by the central bank, the company has granted a 35 day priority window to existing promoter shareholders. This right of first refusal allows current founders to consolidate their holdings before the shares are ever made available to the general public. Interested promoters must visit the company central office in Katahari 2, Morang, to submit a formal letter of intent. This regulatory safeguard is designed to prevent sudden changes in management or hostile takeovers by outside parties, ensuring that the institutional memory and the social mission of the microfinance remain intact.
If the 20,400 units are not fully subscribed by the existing promoters within the 35 day period, the company will initiate the second phase of the sale. In this stage, the remaining shares will be offered to the general public or other eligible institutional investors who meet the fitness and propriety criteria set by the regulator. Founder shares in the microfinance sector carry a different risk and reward profile compared to ordinary public shares. While they represent a long term strategic stake and carry significant voting power in the election of the board of directors, they are also subject to stricter lock in periods and transfer restrictions. This makes them an attractive vehicle for long term investors who wish to participate in the governance of one of Nepal most successful microfinance entities.
From a strategic perspective, Jeevan Bikas Laghubitta has established itself as a powerhouse in the eastern region of Nepal, focusing on financial inclusion, women empowerment, and rural entrepreneurship. The company mission is deeply rooted in providing credit to underserved populations who lack access to traditional commercial banking. Therefore, the stability of its promoter group is critical. The release of these 20,400 shares, while representing a small fraction of the total paid up capital, is a part of the natural equity lifecycle where early stage investors seek liquidity after years of capital appreciation. For the potential buyer, these shares represent an entry into an institution with a strong track record of asset quality and social impact.
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Corporate governance remains a key focal point for the Nepal Rastra Bank, which has been pushing for higher transparency and professional management within microfinance institutions. The transfer of founder shares requires formal board approval and a thorough vetting process of the buyer. This ensures that the new owners have the financial capacity and the moral standing to act as stewards of public deposits. The 35 day notice period is a transparent mechanism that allows the market to digest the information and for internal stakeholders to react. For a company like Jeevan Bikas, which maintains a significant presence in the secondary market through its listed ordinary shares, the orderly transfer of promoter equity is vital for maintaining investor confidence and a stable stock price.
The microfinance industry in Nepal is currently navigating a complex environment characterized by regulatory caps on interest rates and a focus on protecting borrowers from multiple lending. In this context, the financial health of the institution is paramount. Potential investors in these founder shares will likely scrutinize the latest quarterly reports of Jeevan Bikas, looking for indicators such as the non performing loan (NPL) ratio, capital adequacy, and the return on equity. Despite the broader sector challenges, Jeevan Bikas has historically maintained one of the highest recovery rates in the industry, making its founder shares a premium asset within the promoter market.
Furthermore, the location of the application center in Morang highlights the regional strength of the institution. By requiring interested parties to apply at the central office in Katahari, the company ensures that it maintains a close connection with its base of operations. This local focus is a hallmark of the Jeevan Bikas model, which has successfully scaled from a small regional initiative to a national leader in microcredit. As the 35 day window progresses, the market will be looking for signs of whether the existing promoters choose to expand their influence or if a new set of strategic partners will enter the fold.
In conclusion, the sale of Jeevan Bikas Founder Shares represents a structured and transparent opportunity for capital reshuffling within a leading financial institution. By providing the existing promoters with a 35 day priority window, the company is adhering to the best practices of corporate governance and regulatory compliance. Whether these shares are retained within the current promoter group or eventually offered to the public, the process ensures that Jeevan Bikas continues to operate under a stable and scrutinized ownership structure. As the final quarter of the 2082 fiscal year approaches, this move positions the company to potentially welcome fresh capital or consolidated leadership, ensuring its continued role as a driver of financial inclusion across Nepal.
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