Founder of Jyoti Development Bank for sale of shares

The founder shares of Jyoti Bikas Bank Limited have been sold. The Board of Directors has initiated the sale process as some of the founding shareholders of the bank have applied for sale of part or all of the shares in their name.

Existing founding shareholders who wish to purchase the shares can submit an application within 35 days with the required documents and details of how many shares they want to purchase at the central office of the bank in Kamalpokhari, Kathmandu. The company also said that if no application is received within the stipulated period, the shares will be sold to another person.