Auction Closing Day of Kumari Bank Limited 14,61,600 Units Promoter Shares

The existing promoters of Kumari Bank Limited (KBL) are selling 14,61,600 units of promoter shares in an auction to the qualified promoter shareholders/persons, firms companies/institutions, which commenced on 28th Jestha, 2081, and concludes today, on 2nd Ashad, 2081.

14,61,600 units of promoter shares are auctioned. Qualified interested promoter shareholders, persons/firms, and companies/institutions are all eligible to bid in an auction. Rs. 100 is the minimum bid rate.

The minimum bid quantity for promoters’ shares is 10,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.

Prabhu Capital Limited is the auction manager.

As of writing, KBL has an LTP of Rs. 142.00. Meanwhile, KBLPO has an LTP of Rs.104.00.