10,18,504 Unit Promoter Shares of Kumari Bank in Auction from Today to General Public
The existing promoters of Kumari Bank Limited (KBL) are selling 10,18,504 units of promoter shares in an auction to the interested promoter shareholders and general public/institutions from today i.e. on the 27th Bhadra to 10th Ashoj, 2080.
10,18,504 unit promoter shares of KBL will be auctioned. Interested general public/institutions including eligible promoter shareholders can bid for the auction. Rs. 101 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 1000 units. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
Prabhu Capital Limited is the auction manager. Bids will open at the premises of the auction manager on 11th Ashoj, 2080.
As of writing, KBL has an LTP of Rs. 158.10.
