31st January 2025, Kathmandu
NMB Bank Limited has announced the sale of 51,746 shares previously held by founder shareholders. These shares were initially reserved for the bank’s founder stakeholders but are now available to the general public after the founder shareholders failed to apply by the designated deadline.
NMB Bank Founder Share Sale
Why the Sale Is Open to the Public
The founder shares were originally meant to be sold only to the bank’s founder shareholders. However, after no applications were received within the specified period, the bank opened the sale to the public. This decision allows ordinary investors to buy these shares and become part of the bank’s ownership structure.
Application Process for Buying Shares
Individuals and institutions interested in purchasing the founder shares must submit their applications to NMB Capital Limited, the sales manager, located in Baluwatar, Kathmandu. Applicants must provide the necessary documents within the next seven days to be eligible to participate in the share purchase process.
After submission, the bank will coordinate with the founder shareholders. The share transfer process will move forward only when the buyer and seller reach a mutual agreement. This ensures a smooth and transparent transaction.
Eligibility for Interested Buyers
The sale of the founder shares is open to anyone, including individuals, companies, and organizations. This is an exciting opportunity for investors who were not initially eligible to purchase the shares, as the public sale now offers access to a wider pool of potential buyers.
Sale Details
Total Shares for Sale: 51,746 founder shares
Eligibility: Open to all individuals, companies, and organizations
Application Deadline: Within 7 days from today (31 January)
Location for Application: NMB Capital Limited, Baluwatar, Kathmandu
Sales Manager: NMB Capital Limited
Significance of the Sale
The opening of the founder share sale to the public marks a significant step for NMB Bank in broadening its shareholder base. It gives the public a chance to invest in the bank and join its ownership structure. This move is expected to generate substantial interest from a variety of investors.
By offering these shares to the public, NMB Bank aims to attract new investment and promote shareholder participation. The sale of founder shares is a unique opportunity for those looking to invest in a well-established financial institution.
Conclusion
NMB Bank’s decision to make founder shares available to the public is a rare and significant event. Investors now have a chance to be part of the bank’s success story. Interested individuals and organizations must act quickly and submit their applications within the next seven days to secure their shares.