ILFCO & Business Universal to sell 2, 44,255 & 2, 94,362 units promoter shares respectively to existing promoters of respective BFI

International Leasing And Finance Company Limited (ILFCO) is selling 2, 44,255 units promoter shares to the existing promoter shareholders. Thus, ILFCO has published notice to sell its promoter shares. If any existing promoter shareholder is interested to buy promoter shares then the respective person should submit an application at Bank’s central office at New Baneswor, Kathmandu within 35 days of the notice published. Similarly, Business Universal Development Bank Limited (BUDBL) has published a notice stating that promoter shareholders of the bank, Mr and Mrs. Naresh Shankar Palikhe intends to sell their 2,94,362 promoter shares to existing promoter shareholder at a reasonable price. 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.