8 August 2024, Kathmandu
Shree Investment and Finance Company Limited has announced the sale of founder shares.
Shree Investment Offers Founder Shares
A total of 30,000 founder shares, held by shareholder Meen Bahadur Karki, are now available for purchase.
At present, only existing permanent shareholders are eligible to buy these shares. Interested parties must submit their applications to the company’s central office in Dillibazar, Kathmandu, within 35 days from today, August 7.
The seller will set the sale price of the shares. Should no applications be received from founder shareholders within the specified period, the company plans to offer the shares to other buyers.
About Shree Investment & Finance Company Limited (SIFCO)
Shree Investment & Finance Company Limited (SIFCO), established in 1994 (2051 BS) by prominent Kathmandu businessmen, operates as a Financial Services Company and Merchant Bank under the Nepal Finance Company Act, 1985 and the Nepal Company Act, 1964. Licensed by Nepal Rastra Bank as a “C” class Financial Institution, SIFCO offers finance and merchant banking services across Nepal.
Commencing operations on 2051-03-22 B.S. with an authorized capital of Rs. 64 crore, issued capital of Rs. 20 crore, and paid-up capital of Rs. 10.08 crore, SIFCO has significantly expanded its capital base. Currently, the company boasts an authorized share capital of Rs. 100 crore, with both issued and paid-up capital standing at Rs. 89 crore.
SIFCO operates 13 branch offices within and outside the Kathmandu Valley, with its Head Office in Dillibazar, Kathmandu. The company plans to expand its geographical reach shortly. Over the years, SIFCO has grown its portfolio from fixed, recurring, and savings deposits to loans and advances, establishing a prominent position in Nepal’s financial sector. Adhering to a policy of prudence and innovation, SIFCO remains committed to satisfying investors, staff, customers, regulators, and the community.
Shree Investment Offers Founder Shares
