Machhapuchchhre Bank promoter selling 49,729 units promoter shares at Rs 300 for its existing promoter shareholders

Machhapuchchhre Bank Limited has published a notice stating that one of the promoter shareholder of the bank is going to sell 49,729units promoter shares at a minimum price of Rs 300. 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 Lazimpat, Kathmandu within 35 days of the notice published.