Lumbini Bikas Bank has announced that it will sell more than 1.25 lakh units of its shares. This sale comes from the bank’s promoter group, which has put up 1,20,090 shares for sale.
The bank says that interested people and institutions can apply to buy these shares. The application must be submitted within 15 days. Interested buyers need to submit their forms at the bank’s head office in Dillibazar, Kathmandu.
This move is part of the bank’s effort to redistribute promoter shares to others who want to invest. If there are no applications from interested buyers within the deadline, the bank will handle the sale according to the law.
The share sale is expected to draw attention from investors, especially those who follow development bank stocks on NEPSE. Development banks have been gaining interest from many investors in recent months.
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Source: Based on a report by Insurance Khabar
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