NIC Asia Bank Limited has opened the sale of 45,000 founder shares owned by promoter shareholder Govinda Lal Sanghai to the general public after receiving no purchase applications from existing promoter shareholders.

In accordance with the directives of Nepal Rastra Bank (NRB), the bank had initially offered the shares exclusively to its existing promoter shareholders, as required under the regulatory framework governing the transfer of founder shares.

However, since no applications were received within the prescribed deadline, the bank has now extended the opportunity to general investors and other interested buyers.

According to the bank's notice, interested applicants must submit their applications within seven days from the publication date of the notice at the bank's Corporate Office in Kamaladi, Kathmandu. Applicants are required to provide the necessary supporting documents while specifying the number of shares they wish to purchase and their proposed bid price.

The bank stated that the allocation process will be carried out in accordance with prevailing regulations after reviewing all submitted applications.