Siddhartha Bank Limited has announced the sale of 42,305 founder shares under its founder shareholder category. The bank officially opened the sale process on Wednesday.

According to the bank, only existing founder shareholders are eligible to purchase these shares during the initial application period. Interested founder shareholders must submit a written application specifying the number of shares they wish to purchase to the Office of the Company Secretary at the bank's head office in Naxal, Kathmandu.

The bank has stated that applications must be submitted within 35 days from the date of publication of the notice.

If no applications are received from existing founder shareholders within the specified period, the bank will proceed with the sale of the remaining shares to other interested individuals and institutional investors, in accordance with applicable regulations.