Kathmandu. Nabil Bank's founding shareholder International Finance Investment and Commerce Bank Limited (IFIC Bank) has decided to sell its shares. Accordingly, the bank has invited the existing founding shareholders to purchase the said shares. IFIC has decided to exit Navil by selling 1 crore 77 lakh 36 thousand 88 founder shares.

IFIC is the government bank of Bangladesh. It invested in Nepal Bangladesh Bank. Nepal Bangladesh Bank was dissolved in Nabil last June.

Since IFIC has proposed to sell the shares, the Board of Directors of Nabil Bank has decided to proceed with the sale and purchase process. In order to purchase the said shares, priority has been given to the founding shareholders of the bank, so the interested and qualified founding shareholders should submit a seal application within 35 days from the date of publication of the notice, the bank said through a notification.

The bank said that if there is no request to purchase shares from the founder shareholders within that date, the process of selling them to other individuals and organizations will be continued. It is estimated that there will be a turnover of more than 7 billion 50 million rupees in the sale of these shares. Nabil Bank's ordinary shares were traded at Rs 882 per share on NEPSE on Wednesday. Founder's share was bought and sold at 474 rupees.

Since it will be a big transaction, they do not put such a high price for 1 crore 77 lakh 36 thousand shares. Even if you pay half the price of ordinary shares, it costs Rs 440 per share. Even if it is bought and sold at the rate of 425 rupees reduced by 15 rupees, there will be a turnover of 7 billion 53 million rupees in the said share transaction. The main investor of Nabil Bank's Binod Chaudhary to buy the shares most probality.