Banking News – NIC Asia Bank Limited has announced the public sale of 45,000 founder shares after existing founder shareholders did not apply to purchase them within the allotted period.

The bank had initially offered the shares exclusively to its existing founder shareholders in accordance with applicable regulations. However, as no applications were received during the specified timeframe, the shares have now been opened for purchase by the general public.

Interested individuals may submit their applications to purchase the 45,000 founder shares within the next seven days, the bank said.

The move allows public investors an opportunity to acquire founder shares that remained unsubscribed during the initial offering to the bank’s existing founder shareholder group.