Citizens Bank International Limited has issued a new notice inviting eligible individuals or institutions to purchase promoter group shares after multiple unsuccessful attempts to sell them. Promoter shareholder Roshan Shrestha has been trying to offload his holdings, but no buyers have shown interest despite repeated public notices over the past year. The bank has now reopened the sale process for a limited period.
| Details | Information |
|---|---|
| Bank Name | Citizens Bank International Limited |
| Seller | Promoter shareholder Roshan Shrestha |
| Total Shares for Sale | 2,77,264.66 promoter shares |
| Previous Share Quantity | 2,64,061.58 shares |
| Latest Notice Date | Jestha 19, 2082 |
| Application Deadline | Within 15 days of notice publication |
| Sale Method | Open to eligible individuals and institutions |
| Required Office | Central Office, Narayanhiti Path |
Previous Sale Attempts
The bank had previously attempted to sell these promoter shares multiple times through public notices, but no buyers were found. Even after expanding eligibility from existing promoter shareholders to the general public, demand remained absent, leading to repeated unsuccessful sale cycles.
| Date | Notice Type | Outcome |
|---|---|---|
| Poush 26, 2081 | 35-day notice (promoter shareholders) | No applications |
| Chaitra 11, 2081 | 35-day public notice | No buyers |
| Magh 20, 2082 | 15-day notice | No buyers |
| Latest (Jestha 19, 2082) | Revised notice | Reopened sale |
Key Insight
The repeated failure to attract buyers over multiple notice periods indicates weak demand for promoter shares in the secondary market. This also reflects cautious investor sentiment toward promoter holdings, even in established commercial banks.
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