Shangrila Development Bank (SADBL) Announces Auction of 1.74 Lakh Units Promoter Shares to Public
Shangrila Development Bank Limited (SADBL) is auctioning 1,74,390 units of its promoter shares, opening up eligibility to individual investors, companies, and institutions.
In a move that expands institutional share supply, existing promoters of Shangrila Development Bank Limited (SADBL) have initiated a public auction to offload 1,74,390 units of promoter shares. Breaking away from typical restriction clauses that limit founder shares to existing insiders, this auction welcomes bids from retail individuals, established corporate firms, and institutional investors alike. The bidding window opened on Ashad 5, 2083, following the bank's official public statement, and will remain active for 15 days, closing on Ashad 19, 2083. Serious market participants must finalize their price points and submit sealed tender documents directly to the bank’s central office in Baluwatar, Kathmandu, before the deadline.