NIC Asia Bank Opens Sale of 45,000 Founder Shares to the General Public
15th July 2026, Kathmandu
NIC Asia Bank Limited has officially announced the sale of forty five thousand founder shares owned by founder shareholder Govinda Lal Sanghai.
NIC Asia 45,000 Founder Shares Sale
This public offering has been initiated after the bank received no purchase applications from its existing founder shareholders during the initial offering phase.
The financial institution issued the public notice in strict accordance with the prevailing directives of Nepal Rastra Bank. These central bank guidelines govern the structured transfer and sale of founder shares within the banking sector of Nepal.
Transition of Founder Shares to the Public Domain
To comply with regular regulatory frameworks established by the central bank, the founder shares were first offered exclusively to the existing founder shareholders of the bank. This initial priority period provides existing promoters with the opportunity to maintain or consolidate their relative ownership stakes in the financial institution.
Because no existing promoters submitted applications to acquire these shares within the prescribed window, the bank has now opened the investment opportunity to the general public. Eligible individual citizens, domestic organizations, and other qualified entities are now permitted to apply for these shares.
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Specific Application Guidelines and Bid Process
Prospective buyers who are interested in acquiring these founder shares must complete and submit their applications within seven days from the publication date of the official notice.
All submitted applications must clearly state the following essential information:
- The exact quantity of founder shares the investor intends to purchase, up to the maximum limit of forty five thousand shares.
- The proposed purchase price per share, which serves as the investor’s bid rate for the transaction.
All completed applications and required supporting documents must be submitted directly to the Corporate Office of NIC Asia Bank Limited, which is located in Kamaladi, Kathmandu.
An Investment Opportunity for Eligible Public Investors
This public sale presents a unique opening for outside investors to acquire founder shares in one of the major commercial banks in Nepal. However, any final transaction remains strictly subject to the prevailing regulatory provisions of the country as well as the internal approval and underwriting processes of the bank.
Interested buyers are encouraged to review all applicable terms and submit their complete bid forms, along with any necessary financial documentation, before the close of the seven day window to ensure their bids are formally evaluated.
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