NMB Bank Sells 122,000 Shares: Exclusive Offer to Founding Shareholders
21st March 2025, Kathmandu
NMB Bank has announced the sale of approximately 122,000 shares, with around 125,000 shares currently up for sale. This move is part of the bank’s strategic initiative to offer shares primarily to its existing founding shareholders.
NMB Bank Sells 122000 Shares
The bank has specified that only current founding shareholders are eligible to apply for the purchase of these shares within a 35-day window.
Key Details of the Share Sale:
Total Shares Offered: 122,012 shares.
Eligibility: Only existing founding shareholders of NMB Bank are allowed to apply for the purchase.
Application Deadline: Shareholders have 35 days from the announcement to submit their applications.
Application Submission: Applications can be submitted at the office of the Company Secretary located in Babar Mahal, Kathmandu.
What Happens if Shares Remain Unsold?
If the shares are not fully subscribed by the founding shareholders within the stipulated 35-day period, the remaining shares will be made available to the general public and other institutions. This ensures that the shares are effectively utilized and the bank can raise the necessary capital.
Why This Matters:
This share sale is a significant opportunity for existing founding shareholders to increase their stake in NMB Bank, one of the leading financial institutions in the region. By prioritizing existing shareholders, the bank aims to strengthen its core investor base and ensure stability in its ownership structure.
How to Apply?
Interested founding shareholders should act promptly to take advantage of this opportunity. Applications must be submitted within the 35-day period at the designated office in Babar Mahal, Kathmandu. Ensure all necessary documentation is prepared and submitted to avoid any delays.
Conclusion
NMB Bank’s decision to offer 122,000 shares to its existing founding shareholders is a strategic move that underscores the bank’s commitment to its core investors. This initiative not only provides an opportunity for shareholders to enhance their investment but also reinforces the bank’s financial stability. Shareholders are encouraged to act swiftly to secure their stake in this leading financial institution.
For more: NMB Bank Sells 122000 Shares
