Promoter Shareholder of Narayani Development Bank to Sell 192,777 Promoter Shares

A promoter shareholder of Narayani Development Bank Limited has submitted an application to sell 192,777 units of promoter shares registered under their name.

According to the decision made by the Board of Directors in its meeting held on Ashwin 27, 2082, the bank will move forward with the share sale process in accordance with Nepal Rastra Bank’s directives and prevailing regulations.

The bank has issued this notice to inform existing promoter shareholders who wish to purchase these shares to submit an application within 35 days from the date of this notice. Interested promoter shareholders must clearly mention the number of shares they wish to buy and submit their application along with necessary documents to the central office of the bank located at Bharatpur Metropolitan City–10, Chitwan.

If no applications are received from existing promoter shareholders within the given timeframe, the bank stated that it will proceed to sell the shares to other interested individuals as per prevailing rules and regulations.

Narayani Development Bank Limited is a ‘Class B’ financial institution licensed by Nepal Rastra Bank, providing financial services through its central office in Chitwan.