Suren Mahato, the founder shareholder of Machhapuchhre Bank, is selling off his shares. He has put up a total of 1 crore, 12 lakh, 32 thousand, and 492 shares in his name for sale. Along with leaving the bank, his founder’s shares have also been put up for sale through a public auction in his name.
The bank has stated that those interested in buying the shares that Mahato is selling will have to apply through a confidential bidding process.
Interested investors will have to submit a confidential bidding letter with a minimum price of 115 rupees per share. Individuals and organizations can apply to purchase the shares by Magh 2, and the application should be submitted to Machhapuchhre Capital for processing.