22nd April 2025, Kathmandu
Prabhu Bank Limited has announced the sale of 331,579 founder shares. Of these, 262,810 shares will be available for the general public, and 68,769 shares are reserved for founder shareholders. This marks a significant move in the bank’s plan to raise capital and involve more stakeholders in its growth.
Prabhu Bank Founder Share Sale
The sale will allow both the general public and the founder shareholders to purchase shares. For the general public, the sale will be open for 15 days. During this period, any interested individual can apply to purchase shares.
On the other hand, founder shareholders will have a longer window of 35 days to submit their applications for the shares reserved for them.
Prabhu Bank has set up a clear process for these purchases. All applications should be submitted at the bank’s central office, which is located in Babarmahal, Kathmandu. This central location ensures that all interested parties can access the necessary information and complete the process smoothly.
Open Sale if Founder Shareholders Don’t Apply
If the founder shareholders do not purchase their allotted shares within the 35 days, the bank plans to open up the sale to other individuals and institutions. This move aims to ensure that the shares are sold promptly, allowing the bank to maintain a strong capital structure.
The bank has outlined this contingency to avoid any delay in the share sale process. It ensures that all shares will be sold, even if founder shareholders do not take up the opportunity.
Aiming for Wider Investment in Prabhu Bank
This sale is a part of Prabhu Bank’s broader strategy to encourage a wider range of investors to participate in its development. By opening up these shares to both general investors and founder shareholders, the bank hopes to boost its capital and expand its investor base.
The sale of founder shares is expected to provide an opportunity for many individuals to invest in the bank. It also allows Prabhu Bank to strengthen its financial foundation and continue its growth in the competitive banking sector.
How to Apply
Interested individuals can apply by visiting the central office of Prabhu Bank in Kathmandu. The bank’s location in Babarmahal is easily accessible for those wishing to submit their applications.
For the general public, the 15-day application period will be the key opportunity to purchase shares. Meanwhile, founder shareholders will have a more extended period of 35 days.
Overall, Prabhu Bank’s move to sell these founder shares is an important step in its efforts to diversify its investor base and ensure financial growth. By making these shares available to both the general public and founder shareholders, the bank aims to create a wider and more inclusive investment environment.
Conclusion
In summary, Prabhu Bank is offering a unique opportunity for investors. The sale of 331,579 founder shares marks a significant step toward increasing capital and engaging with a broader group of investors. Those interested in purchasing shares must apply within the specified time frames to ensure their participation in this exciting opportunity.
For more: Prabhu Bank Founder Share Sale