Miteri Development Bank Limited has announced that promoter shareholder Sunil Shrestha intends to sell a portion of his promoter shareholding. In accordance with prevailing Nepal Rastra Bank regulations, the bank has first offered these shares to existing promoter shareholders before opening the sale to other investors.
| Details | Information |
|---|---|
| Bank Name | Miteri Development Bank Limited |
| Seller | Sunil Shrestha |
| Share Type | Promoter Shares |
| Shares for Sale | 68,850 Shares |
| Regulatory Category | Class 'B' Development Bank |
| Head Office | Dharan-12, Sunsari |
| Share Registrar | Prabhu Capital Limited |
| Application Period | 35 Days from Notice Publication |
Application Details
Interested existing promoter shareholders can apply within the specified period by submitting the required documents and indicating the number of shares they wish to purchase.
| Details | Information |
|---|---|
| Eligible Applicants | Existing Promoter Shareholders |
| Application Deadline | Within 35 Days |
| Required Information | Number of Shares and Supporting Documents |
| Submission Location 1 | Central Office, Mahendrapath, Dharan-12, Sunsari |
| Submission Location 2 | Prabhu Capital Limited, Kamaladi, Kathmandu |
Next Step if No Applications Are Received
The bank has stated that if no applications are received from existing promoter shareholders within the prescribed period, the process will be opened to other eligible investors as per regulatory provisions.
| Scenario | Action |
|---|---|
| Applications Received from Promoters | Shares allotted as per process |
| No Applications from Promoters | Sale process opened to non-promoter investors |
Key Highlights
| Item | Details |
|---|---|
| Shares Offered for Sale | 68,850 |
| Seller | Sunil Shrestha |
| First Priority Buyers | Existing Promoter Shareholders |
| Application Window | 35 Days |
| Share Registrar | Prabhu Capital Limited |
| Bank Category | Class 'B' Development Bank |
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