Shangrila Development Bank Shares: 86,474 Units Open for Public Investment Nepal
9th May 2025, Kathmandu
Shangrila Development Bank has placed more than 86,000 shares of its promoter group up for sale. The shares, which total 86,474 units, are now available for purchase by interested individuals and institutions.
Shangrila Development Bank Shares
Earlier, the bank had opened a 35-day application window exclusively for its founding shareholders to purchase these shares. However, after receiving limited interest from the founding group, the bank has now decided to make these shares available to the general public.
15 Days Left for Interested Investors to Apply
Interested investors now have 15 days to submit their applications. All applications must be sent to the bank’s central office in Baluwatar, Kathmandu. The bank has announced that both individuals and institutions are welcome to apply, with no restrictions on eligibility.
The shares available for sale are part of the promoter group and are seen as an important opportunity for those who want to invest in the bank. This sale aims to increase the shareholder base and bolster the bank’s financial position.
Aiming to Strengthen Capital and Ownership
Shangrila Development Bank hopes the sale of these shares will help strengthen its capital base and provide a greater opportunity for the public to become part of the bank’s ownership. The move is also seen as a step toward enhancing transparency within the bank.
For the public, it’s an opportunity to become involved with a growing development bank, with potential returns tied to the performance of the institution in the evolving financial sector.
How to Apply for the Shares
To purchase the shares, interested applicants are required to visit the central office of Shangrila Development Bank in Baluwatar, Kathmandu. They must submit a formal application within 15 days.
More Opportunities for Investors
The opening of this share sale is expected to attract new investors into the bank, further diversifying its ownership. The bank believes that involving more investors will help improve its operations and public image.
Why the Sale Matters
This sale of shares is significant for both the bank and its potential investors. For the bank, it’s an opportunity to raise funds and widen its shareholder base. For investors, it represents a chance to participate in the bank’s growth and success in the competitive Nepali banking sector.
A Step Towards Broadening the Shareholder Base
The inclusion of individual and institutional investors in the sale marks a key moment in the bank’s history. By offering its shares to a wider audience, Shangrila Development Bank hopes to not only raise capital but also create a more diverse and active investor base.
Conclusion
The 15-day window for submitting applications will remain open, with applications being accepted at the bank’s central office in Baluwatar. Interested parties are encouraged to apply promptly, as the window for applying will close soon.
Shangrila Development Bank continues to focus on expanding its operations and strengthening its market position. This share sale is just one of many initiatives the bank is implementing to achieve long-term growth and stability.
For more: Shangrila Development Bank Shares
