Nepal Infrastructure Bank Limited (NIFRA) has announced the sale of 1,080,000 promoter shares owned by IME Limited. The shares are currently being offered exclusively to existing promoter shareholders of the bank in accordance with prevailing regulations.
Share Sale Details
| Particulars | Details |
|---|---|
| Company | Nepal Infrastructure Bank (NIFRA) |
| Selling Shareholder | IME Limited |
| Share Type | Promoter Shares |
| Number of Shares for Sale | 1,080,000 Shares |
| Minimum Price | NPR 100 per Share |
| Eligible Buyers (Initial Phase) | Existing NIFRA Promoter Shareholders |
| Application Period | 35 Days |
Pricing Information
| Item | Amount |
|---|---|
| Minimum Bid Price | NPR 100 per Share |
| Total Shares Offered | 1,080,000 |
| Minimum Total Value | NPR 108 Million |
Promoter shareholders interested in purchasing the shares may submit bids at the minimum price of NPR 100 per share or higher.
Application Process
| Particulars | Details |
|---|---|
| Submission Location | Legal Department, Registered Office of NIFRA |
| Office Location | Baneshwor, Kathmandu |
| Application Deadline | Within 35 days from the notice date |
Next Step if No Applications Are Received
NIFRA has stated that if existing promoter shareholders do not submit purchase applications within the specified period, the shares may subsequently be offered to other eligible individuals or institutions as permitted by applicable regulations.
Key Takeaway
The sale of 1.08 million promoter shares by IME Limited provides existing NIFRA promoter shareholders with the first opportunity to increase their stake in the bank. Interested shareholders must submit their applications within the 35-day window before the shares can potentially be offered to other investors.
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