Kumari Bank Auctioning 72,644 Units Promoter Shares to the General Public and Institutions From 5th Baisakh
The existing promoters of Kumari Bank Limited (KBL) are selling 72,644 units of promoter shares in an auction to the general public from 5th Baisakh to 11th Baisakh, 2080
72,644 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Rs. 110 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 the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
Sanima Capital Limited is the auction manager. Bids will open at the premises of the auction manager on the 11th of Baisakh at 4 pm.
KBL closed at Rs. 168 yesterday.
