50,000 Promoter Shares of Shangrila Development Bank Put Up for Sale

Kathmandu — Shangrila Development Bank Limited has announced that 50,000 promoter shares owned by promoter shareholder Nar Bahadur Gurung are being offered for sale. The bank published an official notice on Mangsir 2, 2082, inviting existing promoter shareholders to apply for the purchase.

According to the notice, Mr. Gurung expressed his intention to sell the shares, and the proposal was approved by the bank’s Board of Directors. As per Nepal Rastra Bank Unified Directive No. 10/2081, Clause 15(b), existing promoter shareholders must be given the first priority to purchase promoter shares.

Interested promoter shareholders must submit an application within 35 days from the date of notice publication. Applications must mention the number of shares they wish to purchase and be submitted to the bank’s Central Office in Baluwa tar, Kathmandu, along with the required supporting documents.

The bank has also stated that if no applications are received from existing promoter shareholders within the given timeframe, the shares will be made available to other individuals as per prevailing laws and regulations.

For further details, shareholders may contact the Share Department of Shangrila Development Bank.