Siddhartha Bank Opens Sale of 1.76 Lakh Promoter Shares: Where and How to Apply?

Siddhartha Bank Limited has started selling 1,76,000 units of promoter shares, even opening it up to the general public to invest.

Who Owns the Shares?

The shares being sold are:
1,51,000 shares of Suresh Kumar Kedia

25,000 shares of Nirusuwa Gurung

These were previously under the bank’s promoter holdings.

Why Are They Available for the Public Now?

First, the bank launched these shares for sale only to existing promoter shareholders, as per the rules of Nepal Rastra Bank. The bank has now opened sale even to general investors as there were no applications received within the period.

How to Apply?

The applicant should make an application within 7 days of the publication of this notice.

Location: Company Secretary’s Office, Naxal, Kathmandu

Requirement: Mention the amount of shares you wish to purchase in your application