NMB Bank Promoter to Sell Over 598,000 Promoter Shares

A promoter shareholder of NMB Bank Limited has announced the sale of 598,145 promoter shares. As per the bank’s Board of Directors’ earlier decision, promoter shares are first offered to existing promoter shareholders. However, since no applications were received within the given timeframe, the shares are now being offered to the general public and interested institutions.

In line with the directives of the Securities Board of Nepal (SEBON), a public notice has been issued inviting interested individuals or institutions to submit their applications within the specified period. Applicants must provide all necessary documents along with their proposed purchase price.

NMB Bank has clarified that the share sale process will only proceed based on the proposals received within the deadline. Interested applicants are required to submit their applications with complete documentation to the bank’s central office in Babarmahal, Kathmandu.