89,759 Promoter Shares of Shangrila Development Bank in Auction from Today

The existing promoter of Shangrila Development Bank Limited (SADBL) is auctioning 89,759 units of shares to the general public/institutions from today.
89,759 units of promoter shares of SADBL will be auctioned. Interested general public/institutions are eligible to bid for the auction within 15 days from the date of publication of this notice, i.e., 12th Bhadra
The shareholders should submit their bids at the central office of the bank located at Baluwatar, Kathmandu. No bids were received from existing founder shareholders within the specified timeframe; the shares are auctioned to the general public.
SADBL closed at Rs. 448.75. Meanwhile, SADBLP has an LTP of Rs. 197.00.