Promoter Shares of Kumari Bank and Nepal Investment Mega Bank in Auction from Today
The existing promoters of Kumari Bank Limited (KBL) are selling 316,140 units of promoter shares in an auction to the general public from today i.e. 8th Jestha to 10th Ashad, 2080.
316,140 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.
B.O.K Capital Markets Limited is the auction manager. As of writing, KBL has an LTP of Rs. 165.50.
The existing promoter of Nepal Investment Mega Bank Limited (NIMB) is auctioning 196,832 units of shares to existing promoter shareholders from today i.e. 8th Jestha, 2080.
196,832 unit promoter shares of NIMB will be auctioned. Only existing promoters are eligible to bid for the auction within 35 days from the date of publication of this notice, i.e. 8th Jestha. The shareholders should submit their bids at the central office of the bank located at Durbarmarg, Kathmandu.
