Founding Shareholders Exit Nepal Investment Mega Bank, Put Shares Up for Sale

Six founding shareholders of Nepal Investment Mega Bank are preparing to exit the bank by divesting part or all of their holdings, marking a notable shift in the bank’s promoter structure.

The group has collectively placed 253,367 promoter shares for sale. The offering is currently restricted to existing promoter shareholders, in line with regulatory provisions governing promoter stake transfers in Nepal’s banking sector.

Interested promoter investors are required to submit applications within 35 days, specifying both the number of shares they intend to purchase and the proposed price. The process allows existing insiders to consolidate ownership before the shares are opened to a broader investor base.

The bank has indicated that if the shares remain unsold within the stipulated period, the remaining portion will be made available to the general public. Such a move could potentially widen the bank’s shareholder base and enhance liquidity in its ownership structure.

The development reflects ongoing adjustments in promoter holdings within Nepal’s banking industry, where strategic exits, capital reallocation, and regulatory compliance continue to shape ownership dynamics.