Citizens Bank has put 382,072 founder shares up for sale. Currently, only the bank’s founder shareholders are eligible to apply for these shares.
Of the shares offered, 18,844.72 shares are priced at a minimum of NPR 130 per share, while the remaining shares are set at NPR 100 each. Interested founder shareholders can submit their applications at the bank’s central office in Narayanhiti, Kathmandu, within a 35-day window.
The bank has stated that if founder shareholders do not apply within the specified period, the remaining shares will be made available to the general public. This initiative provides a prime opportunity for founder shareholders to purchase shares before opening to the wider market.
