2nd April 2025, Kathmandu
Jyoti Bikash Bank Limited has announced the sale of its promoter shares after some of its existing shareholders requested to sell their holdings. The bank has made these shares available only to its current promoter shareholders for now.
Jyoti Bikash Bank Promoter Shares
Sale Process and Eligibility
The bank has not disclosed the exact number of shares or the price per share. However, only existing promoter shareholders can apply to buy them. Interested buyers must submit an application within 35 days of the announcement. They must specify how many shares they want to purchase.
Applications must be submitted to the bank’s central office in Kamalpokhari, Kathmandu. If no promoter shareholder applies within the given period, the shares will be offered to the general public.
Important Details:
Who Can Buy? Only current promoter shareholders
Application Deadline: 35 days from the announcement
Submission Location: Central office, Kamalpokhari, Kathmandu
Share Details: Number and price not disclosed yet
General Public Sale: If promoter shareholders do not buy, shares will be sold to the public
Opportunity for Shareholders
This sale gives existing promoters a chance to increase their stake in the bank. The bank is following its policies, ensuring that current shareholders get the first chance to buy before the shares reach the public.
The price per share remains undisclosed. Buyers must mention the number of shares they wish to purchase in their applications.
Steps for Interested Buyers
Check the availability of shares
Apply within 35 days
Visit the Kamalpokhari office for submission
Wait for further updates if shares remain unsold
If the shares are not purchased by promoter shareholders, they will be offered to public investors. This step may increase retail participation in Jyoti Bikash Bank.
The sale ensures transparency in the ownership restructuring process while allowing promoters to adjust their investments. If the bank opens shares to the public, it could expand investor involvement in the banking sector.
For more: Jyoti Bikash Bank Promoter Shares