Kathmandu. Citizens Bank is selling 4,669.98 units of founder shares. The bank is going to sell the shares as some of the founding shareholders of the bank have submitted an application to the bank for the sale of shares in their name. As per the directives of the Rastra Bank, the bank is going to sell the shares so that only the existing founder shareholders of the bank can buy it. The share price has been fixed at a minimum of Rs 111 per share.
The founder shareholders who wish to buy the shares will have to submit an application to the central office of Citizens Bank at Narayanhiti within 35 days from the date of publication of the notice.
According to the bank, the shares will be sold to the general public if the bank does not receive an application for the purchase of shares from the existing founding shareholders of the bank within the stipulated time period or if the shares are not fully sold.
