Prabhu Bank Offers 369,085 Promoter Shares for Sale, Applications Open

Prabhu Bank, known for its diversity and progressive presence in Nepal's banking sector, has now offered an opportunity to purchase promoter shares. This move aims to strengthen the bank’s capital structure while allowing new investors to acquire ownership in the bank. Such share sales provide existing shareholders with a chance to expand their investments.

Quantity of Shares on Sale: Prabhu Bank is offering a total of 369,085 promoter shares for sale.

Application Process: Interested individuals or institutions can apply within 15 days from today (Kartik 1). Applications must be submitted to the bank’s central office located in Babarmahal, Kathmandu.

Reopening of the Process: Previously, the bank had limited the sale of these shares to existing promoters only. However, due to a lack of applications, this round has been opened to other investors as well.

Share Price: The bank has not set a specific price for these shares, allowing a competitive environment for investors to make their bids.