Laxmi Sunrise Bank Founder Shares: 8.3 Million Shares on Sale

9 July 2024, Kathmandu

Laxmi Sunrise Bank Limited has announced the sale of 82,97,565 founder shares, exclusively available to its existing founder shareholders.

The shares, reserved for founder shareholders, are now open for purchase, requiring interested parties to submit a written application to the bank’s head office in Hattisar, Kathmandu. Along with the application, the necessary documents must be provided within 35 days.

The bank has also stated that if no applications are received from the existing founding shareholders within the specified time period, the shares will then be made available for sale to the general public.

This move provides an opportunity for the current founders to increase their stake in the bank before the shares are opened up to a wider audience.