751,699 Unit Promoter Shares of Kumari Bank in Auction From Today
The existing promoters of Kumari Bank Limited (KBL) are auctioning 751,699 units of shares to qualified general public/institutions from today i.e. on the 5th Bhadra to 19th Bhadra, 2080.
751,699 unit promoter shares of KBL will be auctioned. Interested qualified general public/institutions are eligible to 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.
NIMB Ace Capital Limited is the auction manager. Bids will open at the premises of the auction manager on 21st Bhadra, 2080.
As of writing, KBL has an LTP of Rs. 159.60.
