Siddhartha Bank Opens Massive Block of Founder Shares for Purchase

ictframe.com · 5 days ago

Siddhartha Bank Limited has announced the sale of 272,737 units of its founder shares, previously held by individual shareholder Lila Devi Sharada. In compliance with Nepal Rastra Bank directives, the bank must first offer these shares to its existing internal promoter group. A 35-day public notice has been issued for interested internal investors to submit their applications. If the shares are not fully acquired by the internal group, they will be offered to general individuals and outside corporate institutions, adhering to national financial laws and securities regulations.