Promoter Shares of MBL, KBL, And SALICO in Auction from Today
The existing promoter of Machhapuchchhre Bank Limited (MBL) is auctioning 10,56,917 units of shares to the general public/institutions from today.
Ganesh Bahadur Shrestha intends to sell 10,56,917 units of promoter shares to the general public. Interested individuals are requested to bid for the auction within 7 days from this notice's publication date, i.e. 2nd Ashadh.
The shareholders should submit their bids at the Machhapuchchhre Capital Limited located at Baghdurbar, JDA Complex, Kathmandu. Earlier the shares were auctioned to promoter shareholders, but no bids were received from existing promoter shareholders within the specified timeframe, the shares are open for auction to the general public.
MBL closed at Rs. 178.50. Meanwhile, MBLPO has an LTP of Rs. 113.00.
Similarly, The existing promoter of Kumari Bank Limited (KBL) is auctioning 27,798 units of shares to the interested promoter shareholders from today.
Radhe Shyam Suwal intends to sell 27,798 unit promoter shares. Only existing promoters are eligible to bid for the auction within 35 days from the date of publication of this notice, i.e. 2nd Ashadh.
The shareholders should submit their bids at the central office of the bank located at Tangal, Kathmandu, or at Kumari Capital Limited located at Naxal, Nagpokhari, Kathmandu. If no bids are received from existing founder shareholders within the specified timeframe, the shares will later be auctioned to the general public.
KBL closed at Rs. 142.00. Meanwhile, KBLPO has an LTP of Rs.104.00.
Kumari Bank Limited (KBL) is selling the promoter shares of Sagarmatha Lumbini Insurance Company Limited (SALICO) in the auction from today i.e. 2nd Ashad to 9th Ashad, 2081.
64,612 unit promoter shares of SALICO are being auctioned. Promoter shareholders and the general public are eligible to bid in the auction of SALICO. Rs. 275 is the minimum bid rate for SALICO's auction. The minimum bid quantity for promoters’ shares is 5,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
Kumari Capital is the auction manager. As of writing, SALICO has an LTP of Rs. 697.00.
