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Kumari Bank Extends Promoter Share Auction Deadline

Kumari Bank Limited (KBL) has decided to extend the deadline for the auction of 4,50,000 units of promoter shares until 18th Baishakh, 2081.

The auction, managed by Kumari Capital Limited, initially began on the 3rd of Baishakh, 2081, with the intention of concluding today, on the 12th of Baishakh, 2081. However, due to an insufficient number of applications, the bank has extended the auction period.

Interested individuals and institutions have the opportunity to bid for the auction, with a minimum bid rate of Rs. 106 per share. The minimum bid quantity for promoters’ shares is set at 10,000 units.

As of the latest update, Kumari Bank Limited (KBL) is trading at an LTP of Rs. 132.80.


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