27th January 2025, Kathmandu
Nepal Investment Mega Bank Limited has announced the sale of 113,238 promoter shares, providing an opportunity for existing promoter shareholders to increase their stake in the bank. The offer is exclusively available to current promoters during the initial phase, with a set application period.
Promoter Share Sale NIMB
Application Details for Promoters
Promoter shareholders interested in purchasing these shares are required to apply to the bank’s Share Department in Lainchaur, Kathmandu. The application period commenced on Magh 14, 2081 (January 27, 2025) and will remain open for 35 days. Applicants must specify the number of shares they wish to purchase and state the price they are willing to pay.
Public Opportunity if Shares Remain Unsold
If existing promoters do not claim the offered shares within the given timeframe, the bank will make the shares available for sale to the general public or other institutions. This two-phase approach ensures that no shares remain unsold and expands the opportunity for new investors to participate.
Strengthening Ownership and Investment Potential
The bank aims to provide its promoters the first opportunity to enhance their ownership. This initiative also aligns with the bank’s broader goal of ensuring effective share distribution. Existing promoters have a chance to strengthen their position, while potential public investors could benefit if the shares remain unclaimed.
This sale represents a strategic move by Nepal Investment Mega Bank to streamline its shareholding structure while offering promoters and possibly new investors a chance to invest in the bank. Interested promoters are encouraged to act within the given deadline to avoid missing this opportunity.
The bank has assured transparency throughout the process and will update stakeholders regarding the outcome of the share sale.
For more: Promoter Share Sale NIMB
