Promoter Shares of Kumari Bank and Shine Resunga Development Bank in Auction From Today
The existing promoters of Kumari Bank Limited (KBL) are auctioning 757,699 units of shares to qualified general public/institutions from today i.e. on the 19th Shrawan to 1st Bhadra, 2080.
757,699 unit promoter shares of KBL will be auctioned. Interested qualified general public/institutions are eligible to bid for the auction. Rs. 105 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 Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
NIMB Ace Capital Limited is the auction manager. Bids will open at the premises of the auction manager on 3rd Bhadra, 2080.
As of writing, KBL has an LTP of Rs. 173.20.
Similarly, the existing promoters of Shine Resunga Development Bank Limited (SHINE) are auctioning 50,000 units of shares to qualified general public/institutions from today i.e. on the 19th Shrawan to the 26th Shrawan, 2080.
50,000 unit promoter shares of SHINE will be auctioned. Interested qualified general public/institutions are eligible to bid for the auction. Rs. 165 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 Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
NIC Asia Capital Limited is the auction manager. As of writing, SHINE has an LTP of Rs. 382.
