Kumari Bank Initiates Auction of 91,638 Promoter Shares for Existing Shareholders


The current promoter of Kumari Bank Limited (KBL) has initiated the auction of 91,638 units of shares, inviting interest from existing promoter shareholders starting today. Lila Bahadur Gurung aims to sell this block of promoter shares to fellow existing promoters, and interested parties are encouraged to participate in the auction within the next 35 days from the publication date of this notice, ending on the 10th of Mangsir.

Potential bidders are required to submit their bids either at the central office of the bank situated in Tangal, Kathmandu, or at Kumari Capital Limited located in Naxal, Nagpokhari, Kathmandu. In the event that no bids are received from the existing founder shareholders within the specified timeframe, the shares will subsequently be opened for auction to the general public.

As of the latest available data, Kumari Bank Limited (KBL) concluded trading at a price of Rs. 153.90 on the previous day. Additionally, the Last Traded Price (LTP) for Kumari Bank Limited Promoter Share (KBLPO) stood at Rs. 110.00 as of November 9, 2023.

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