Shangrila Development Bank to Sell Promoter Shares

Shangrila Development Bank has announced the sale of promoter shares following a request submitted by one of its promoter shareholders.

According to the bank, promoter shareholder Manohar Tripathi has applied to sell 30,000 promoter shares held in his name. Based on this application, the bank has initiated the process to offer these shares for sale.

Promoter shareholders interested in purchasing the shares must submit their applications within 35 days from the date of the notice’s publication. Applicants are required to clearly mention the number of shares they wish to purchase.

Applications must be submitted to the bank’s central office in Baluwatar, Kathmandu, within the specified timeframe. If no applications are received within the deadline, the bank may proceed with further actions in accordance with prevailing regulations.