Prabhu Bank Announces Sale of Promoter Shares via Sealed Bidding
Prabhu Bank Limited has announced the sale of 9,882 promoter shares through sealed bidding. The minimum bid price is NPR 100 per share, with a requirement to bid for at least 1,000 units. Applications must be submitted to Muktinath Capital by Ashadh 10, 2082.
Prabhu Bank Limited, one of Nepal’s prominent commercial banks, has opened the sale of its promoter shares to the public through a sealed bidding process. In a recent announcement, the bank revealed that 9,882 units of its promoter shares are now available for purchase. This strategic move offers investors an exclusive opportunity to become part of the bank’s core ownership structure.
The minimum bidding price for each share has been set at NPR 100, and interested participants must apply for at least 1,000 units to qualify. The sale is being managed by Muktinath Capital Limited, which will accept applications until Ashadh 10, 2082 (June 24, 2025). All bids must be submitted in sealed format, ensuring a competitive and confidential process.
Applicants are required to submit several documents along with their bid. These include a valid citizenship certificate or company registration certificate, a recent tax clearance certificate, and if applying as a company or institution, a copy of the board resolution authorizing the purchase. Furthermore, institutional investors must provide proof of profitability for the last two fiscal years.
This promoter share sale reflects the bank’s ongoing efforts to rebalance its ownership and attract serious long-term investors. With Nepal’s financial market steadily regaining momentum and investor confidence increasing, Prabhu Bank’s offer is expected to draw significant interest from both individuals and institutions seeking to strengthen their presence in the banking sector.