Miteri Development Bank Offers 14,000 Founder Shares for Sale to Existing Shareholders

Miteri Development Offers
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9 July 2024, Kathmandu

Miteri Development Bank Limited has announced the sale of 14,000 founder shares, exclusively available to its existing founder shareholders. The sale is being conducted to facilitate the internal redistribution of shares among the current founders.

Miteri Development Bank Offers

Founder shareholders who are interested in purchasing these shares must submit an application to either the central office of Miteri Development Bank or the share registrar, Prabhu Capital Limited.

The application period is 35 days, starting from June 24, 2024. All necessary documents should be included with the application.

The bank has stated that if no applications are received from the founder shareholders within the specified period, the remaining shares will be made available to the general public.

This strategic move is part of Miteri Development Bank’s ongoing efforts to streamline its ownership structure and strengthen its financial position.

Interested parties are encouraged to act promptly to take advantage of this exclusive opportunity. For more: Miteri Development Bank Offers 

About Miteri Development Bank

Miteri Development Bank Limited is a prominent financial institution registered at the “Company Register Office” under the Company Act 2063. We are licensed by Nepal Rastra Bank under the Banking and Financial Act 2063 as a ‘B’ class development bank. Our bank is promoted by a diverse and highly motivated group of individuals from various sectors, including business, professional banking, medicine, entrepreneurship, education, and technology.

Team of promoters comprises:

  • Businessmen
  • Professional Bankers
  • Doctors
  • Entrepreneurs
  • Educationalists
  • Technocrats

Additionally, a significant number of our promoters are from Dharan Municipality, further strengthening our community roots and local presence.

At Miteri Development Bank Limited, we are committed to fostering financial growth and stability through innovative banking solutions and dedicated service to our clients.

Miteri Development Shares Sale


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