Jeevan Bikas Laghubitta Promoter Shares Up for Sale, 15-Day Application Window Open

Kathmandu. Jeevan Bikas Laghubitta Bittiya Sanstha Limited has announced that some of its existing promoter shareholders are selling their shares. The institution has opened the sale of a total of 20,400 promoter shares and invited applications from interested buyers.According to the notice, the shares are being offered after existing promoter shareholders did not exercise their priority rights within the previously issued 35-day notice period. As a result, the institution has now extended the opportunity to other interested individuals and institutions to apply for the shares.The shares available for sale include 8,000 units held by Bishandev Mandal Gangai and 12,400 units held by Niraj Pokharel. Interested applicants must meet the “Fit and Proper Test” criteria set by Nepal Rastra Bank and submit all required documents.The institution has requested applicants to submit their applications within 15 days from the date of publication of the notice at its central office located in Katahari-2, Morang.Promoter share transactions in microfinance institutions are subject to regulatory restrictions and are not freely traded in the secondary market. Therefore, compliance with regulatory requirements is mandatory for approval.Overall, this move is expected to bring changes in the ownership structure of Jeevan Bikas Laghubitta while also providing an opportunity for eligible investors to enter the institution as promoter shareholders.