Jyoti Bikash Bank Promoter Shares Nepal: Public Offering for Investors
8th May 2025, Kathmandu
Jyoti Bikash Bank Limited has opened the sale of its promoter group shares to the general public. This offer is specifically for individuals who wish to become promoter shareholders of the bank.
Jyoti Bikash Promoter Shares Nepal
Earlier, the bank had issued notices to its existing promoter shareholders. It gave them the first opportunity to purchase the shares. However, after receiving no applications from that group, the bank extended the offer to the public.
This move follows the standard protocol where promoter shareholders get the first right of purchase. But due to a lack of response, the shares are now available for open bidding.
Share Quantity and Price Not Disclosed
The bank has not revealed how many shares are up for sale. It also hasn’t disclosed the price per share. Still, the bank has asked interested individuals to submit their applications within 35 days.
Applicants must mention how many shares they want to buy. The application process requires individuals to declare the number of units they wish to purchase. The bank will later review and finalize the list of new promoter shareholders.
Notice Issued After No Internal Interest
Jyoti Bikash Bank followed the required process before reaching out to the public. It had published notices multiple times, each with a 35-day response window. The bank made sure existing promoters had ample opportunity to express interest.
Since there were no bids from current promoters, the bank initiated this public offering. The move ensures that the unclaimed shares are not left idle.
Public Buyers to Join Promoter Group
The bank has clarified that general public applicants, if selected, will be considered part of the promoter group. This status comes with responsibilities and long-term commitment.
Promoter shareholders often have additional obligations. These include holding shares for a minimum lock-in period and supporting key decisions of the bank. Hence, the bank encourages only serious investors to apply.
Transparent Sale Process Ensured
The bank has assured transparency in the selection process. It will evaluate applications based on internal criteria. After the 35-day window closes, the bank will process requests and issue final approvals.
Officials stated that all applications will be reviewed fairly. The selection will depend on regulatory compliance and the applicant’s suitability for promoter status.
Expanding Promoter Base for Future Growth
With this offer, Jyoti Bikash Bank aims to expand its promoter base. By bringing new individuals into its core ownership group, the bank hopes to strengthen its structure.
The move also reflects the bank’s effort to democratize ownership. It wants to involve more stakeholders in its growth journey. Offering promoter shares to the public is a step in that direction.
This sale could attract long-term investors who are committed to the bank’s development. As promoter shareholders, they will play a more active role in decision-making and governance.
Bank Continues Strategic Growth
Jyoti Bikash Bank remains one of the leading development banks in Nepal. It has a growing footprint across the country and serves a large customer base. With this new share offer, the bank is creating an opportunity for the public to be part of its foundation.
This effort also aligns with the bank’s long-term strategy. By inviting new promoters, the bank can diversify its ownership and build stronger partnerships.
Application Open Now
The 35-day deadline has already begun. Individuals interested in buying shares must act quickly. The application must be clear, with the number of shares requested properly mentioned.
For further details, applicants can visit the bank’s website or contact their nearest branch. The bank will update all stakeholders once the share allocation process is complete.
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