Siddhartha Bank Limited has announced the sale of 272,737 founder shares to the general public and eligible institutions after receiving no applications from its existing founder shareholders during the first phase of the offering.

According to the bank, the shares were initially offered exclusively to current founder shareholders in accordance with regulatory provisions. However, as no valid applications were received within the prescribed period, the shares have now been made available to other interested individuals and organizations.

Prospective investors wishing to purchase the founder shares must complete the required application process and submit their applications within seven days at the bank's Head Office in Naxal, Kathmandu.

The bank has advised interested applicants to comply with all applicable procedures and eligibility requirements before submitting their applications.