Promoter Shares of Kumari Bank (KBL) in Auction From Today
The existing promoters of Kumari Bank Limited (KBL) are selling 14,90,000 units of promoter shares in an auction to the general public from today i.e. 22nd Jestha to 29th Jestha, 2080.
14,90,000 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 1,000 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.
Prabhu Capital Limited is the auction manager. Bids will open at the premises of the auction manager on 30th Jestha, 2080.
Similarly, the existing promoter of Kumari Bank Limited (KBL) is also auctioning 187,184 units of shares to existing promoter shareholders from today i.e. 22nd Jestha, 2080.
187,184 unit promoter shares of KBL 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. 22nd Jestha. The shareholders should submit their bids at the central office of the bank located at Naxal, Kathmandu.
As of writing, KBL has an LTP of Rs. 163.50.
