Kamana Sewa Founder Shares: Exclusive Sale to Existing Shareholders
11th March 2025, Kathmandu
Kamana Sewa Bikas Bank Ltd. has placed 111,453 founder shares up for sale, offering them exclusively to the bank’s current founder shareholders.
Kamana Sewa Founder Shares
The founder shares will only be available for purchase by the bank’s existing founder shareholders. Those interested must submit their applications detailing the number of shares they wish to purchase. The applications should be submitted to the bank’s central office located in Gyaneshwor, Kathmandu, within the next 35 days.
Deadline for Applications
The deadline to submit applications for purchasing the shares is set for 35 days from the announcement date. Only existing founder shareholders are eligible to apply during this period. Interested individuals must ensure that their applications include specific details of the shares they wish to buy.
Sale to the General Public if No Applications are Received
If the bank does not receive any applications for share purchases from founder shareholders within the given timeframe, the bank will proceed with selling the shares to the general public. This measure ensures that the shares will not remain unsold and will be distributed to interested investors, regardless of whether the founder shareholders participate.
Purpose of the Sale
The sale of these 111,453 founder shares aims to help the bank strengthen its capital base and increase its financial stability. By offering the shares to existing founder shareholders, Kamana Sewa Development Bank seeks to maintain a strong shareholder foundation. It also gives these shareholders an opportunity to expand their ownership in the bank.
Next Steps for the Bank
Once the 35-day application period concludes, the bank will evaluate the responses. If no applications are received from founder shareholders, the bank will begin selling the shares to the general public. This process will follow regulatory guidelines, ensuring fairness and transparency in distributing the shares.
How to Apply
Interested founder shareholders are encouraged to submit their applications at the bank’s central office in Kathmandu. For further details or clarifications, individuals can visit the bank’s official website or contact the office directly.
Through this share sale, Kamana Sewa Development Bank aims to ensure continued growth and strengthen relationships with its founder shareholders. This move is part of the bank’s broader efforts to maintain its financial strength and expand its role in Nepal’s banking sector.
For more: Kamana Sewa Founder Shares
