24 Aug 2024,Kathmandu

Progressive Finance has announced the sale of founder shares, making a total of 122,536 shares available for purchase.

Progressive Finance Announces Sale

This opportunity is currently open exclusively to the existing founder shareholders of the company. Shareholders interested in acquiring these shares must submit their applications to the Central Office of Progressive Finance, located in Thapathali, Kathmandu, within 35 days.

The decision to offer these shares comes as part of Progressive Finance’s ongoing efforts to manage its equity distribution among its founding members. By offering these shares, the company is providing its original investors a chance to increase their stake in the business before the shares are made available to a broader audience.

If the available shares are not purchased by the existing founder shareholders within the stipulated 35-day period, the remaining shares will then be opened for purchase by the general public. This could potentially attract a wider range of investors, further diversifying the company’s shareholder base.

The sale of these shares is a significant move for Progressive Finance as it aims to strengthen its financial position and broaden its ownership structure. Existing shareholders are encouraged to take advantage of this limited-time offer to expand their holdings in the company.

For those interested in participating, applications must be submitted directly to the Central Office in Thapathali, Kathmandu. The company has yet to announce the specific terms and conditions for the general public in case the shares remain unsold after the initial offer to founder shareholders.

This move is expected to generate significant interest among both existing shareholders and potential new investors, as Progressive Finance continues to solidify its presence in the financial sector.

Progressive Finance Announces Sale