Nabil Bank Limited, one of Nepal’s leading commercial banks, has issued a public notice regarding the sale of a large block of promoter shares.
Key Highlights of the Notice
Seller: Muthoot Finance Limited, Kochi, India
Shares on Sale: 11,98,531 promoter shares of Nabil Bank Limited
Eligible Buyers: Only existing promoter shareholders of Nabil Bank are eligible to participate in the auction.
Bidding Period: Within 35 days from the publication date (6th Bhadra, 2082).
Application Process: Interested promoter shareholders must submit their bids to the bank’s central office at Durbarmarg, Kathmandu, within the specified timeframe.
Why This Matters
This auction is significant for several reasons:
Large Stake on Sale: Nearly 1.2 million promoter shares are being divested, which could bring a major shift in the ownership structure among promoters.
Opportunity for Promoters: Existing promoter shareholders have a rare opportunity to increase their stake in one of the strongest commercial banks in Nepal.
Regulatory Compliance: Such notices are issued in compliance with Nepal Rastra Bank’s directives, ensuring transparency in promoter share transactions.
Process for Interested Promoters
Submit an application clearly mentioning the number of shares you wish to purchase.
The minimum price and further details are available at Nabil Bank’s head office.
After the 35-day window, Muthoot Finance Limited will finalize the sale decision based on the applications received.
About Nabil Bank
Nabil Bank is Nepal’s first private sector bank, established in 1984. Over the years, it has built a strong reputation for financial performance, innovation, and governance. With a growing customer base and extensive network, promoter shareholding in Nabil Bank is considered highly valuable.
Final Thoughts
The sale of 11,98,531 promoter shares by Muthoot Finance Limited opens a new chapter in the ownership dynamics of Nabil Bank. For existing promoters, this is an important opportunity to strengthen their position in one of Nepal’s most prestigious banks.
Interested shareholders are encouraged to act promptly and contact Nabil Bank’s Central Office, Durbarmarg, Kathmandu for detailed procedures and submission of bids.
Notice: Promoter Share Auction Notice of Nabil Bank Limited
