Laxmi Sunrise Bank Limited (LSL) has announced the commencement of an auction for 75,88,397 units of shares by its existing promoter. Promoter shareholders interested in acquiring these shares are invited to participate in the auction process.
Interested promoter shareholders are requested to submit their details to the central office of the bank located at Hattisar, Kathmandu, by the 28th of Baishakh, following the publication of this notice.
In the event of no written responses from the existing founder shareholders within the specified 35-day period, Laxmi Sunrise Bank will proceed with the auction of the shares in accordance with the provisions outlined in the Act on Banks and Financial Institutions 2073, along with the consolidated instructions from Nepal Rastra Bank and other relevant laws.