Bids Opened for Auction of Kumari Bank Shares; How Many Units Were Sold?

The bids received in the auction of 316,140 units of promoter shares of Kumari Bank Limited (KBL) have been opened today, i.e. 29th Ashad, 2080.

The auction opened from 12th Ashad to 18th Ashad, 2080. 316,140 units of promoter shares were auctioned. BOK Capital Limited was appointed as the auction manager. Bids opened today at the premises of the auction manager, Narayanchaur - Naxal, Kathmandu, starting at 9:30 am. The existing promoters, the general public, and institutions were all eligible to bid for the auction. Rs. 110 was the minimum bid rate. The minimum bid quantity for promoters’ shares was 1,000 units.

According to the auction manager, only one applicant submitted the bid for 2,000 units and the minimum bid rate is Rs. 110.