Jeevan Bikas Laghubitta Bittiya Sanstha Limited has opened 20,400 units of promoter shares for public auction, expanding participation beyond its existing shareholder base.

The shares, previously held by promoter shareholders Bisan Dev Mandal Gangai (8,000 units) and Niraj Pokhrel (12,400 units), are now being offered through a competitive bidding process.

The move comes after the company earlier issued a 35-day notice to its existing promoter shareholders, granting them priority rights to purchase the shares. However, with no applications received during that period, the institution has proceeded to open the sale to the general public, including individuals, companies, and institutional investors.

Interested investors are required to submit sealed bids along with necessary documentation within 15 days from Chaitra 20 at the company’s central office located in Katahari-2, Morang.

The auction-based sale mechanism allows investors to bid at or above a minimum price set by the company, providing flexibility in price discovery while ensuring compliance with regulatory provisions.

Such divestment of promoter shares into the public domain is often viewed as a step toward improving share liquidity and broadening ownership structure, particularly in Nepal’s microfinance sector.