Global IME Bank to Sell Promoter Shares

Jan 22, 2020 10:33 AM Merolagani

Global IME Bank (GBIME) is set to sell few promoter shares after some of its promoter shareholders submitted application to the bank seeking approval to sell their promoter shares.

The shares are applicable by existing promoter shareholders of the bank within 35 days.

As per NRB directive, the existing promoter shareholders should be given first priority while selling promoter shares of any company. If the existing shareholders do not subscribe the shares, then only the shares will be sold to other individuals and companies.     

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