Garima Development Bank Opens Founder Shares for Sale

Garima Development Bank has put 266,044.52 units of founder shares up for sale to the general public. Any individual or institution can apply to purchase these shares. Interested buyers must submit their applications, specifying the number of shares they wish to acquire, within 15 days starting from March 29 at the bank’s head office in Lazimpat, Kathmandu. This move opens new opportunities for investors.

Previously, the bank offered these shares to existing founders, but no applications were received. Consequently, the bank decided to extend the opportunity to other investors as well. This arrangement is expected to bring more dynamism to the stock market. Applicants need to provide details of the desired share quantity in their submissions. For further information, they can contact the bank’s head office.