12.37 lakhs units of promoter shares of Citizens Bank on sale for existing promoter shareholders of the bank

Citizens Bank International Limited has published a notice stating that one of the promoter shareholder of the bank, Mr. Janak Bista intends to sell his 12,37,230 promoter shares at a minimum price of Rs 250. As per the direction of Nepal Rastra Bank (NRB) for buying or selling promoter shares of the bank, promoter shareholders of the bank should be given the first priority and if the shares are not bought by promoter shareholders only then other person or institution can buy those under the direction of NRB.

If any promoter shareholder is interested to buy promoter shares then the respective person should submit an application at Bank’s central office at Kamaladi within 35 days of the notice published.