Kumari Bank Auctioning 296,000 Units Promoter Shares to the General Public and Institutions From Today
The existing promoters of Kumari Bank Limited (KBL) are selling its 2,96,000 units promoter share in an auction from today i.e. on 16th Falgun to 30th Falgun, 2079.
2,96,000 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Rs. 119 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.
Kumari Capital Limited is the auction manager. Bids will open at the premises of the auction manager on Chaitra 01 starting at 10 am that day.
