Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors


Kumari Bank Limited (KBL) has initiated the auction of promoter shares of Sagarmatha Lumbini Insurance Company Limited (SALICO), commencing from today, 28th Chaitra, until 1st Jestha, 2080. This auction presents an opportunity for investors to acquire shares in SALICO, a prominent insurance company in Nepal.

A total of 1,14,612 unit promoter shares of SALICO are being auctioned, with promoter shareholders eligible to participate in the bidding process. The minimum bid rate for SALICO’s auction is set at Rs. 275, with a minimum bid quantity of 1,000 units for promoter shares. While bidders have the option to bid for the entire issue, they must adhere to the regulations set by the Nepal Rastra Bank, ensuring that the specified quantity of shares per entity is not exceeded.

The auction is managed by Kumari Capital, providing a transparent and efficient platform for investors to participate. As of the latest update, SALICO’s Last Traded Price (LTP) stands at Rs. 667.00, indicating the current market value of the company’s shares.

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81 1
Business | Market | Economy

Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81

Nepal’s trade dynamics in the initial nine months of fiscal year 2080/81 reveal alarming patterns, raising concerns about the nation’s economic outlook. The trade deficit, representing the variance between imports and exports, has expanded by approximately 2.75 percent during this period, indicating a growing disparity between import costs and export values, posing significant challenges to Nepal’s economic stability. Imports Imports in the first nine months of the fiscal year witnessed a noticeable decline of around 2.84 percent, totaling approximately Rs. 11.67 Kharba. In comparison, the corresponding period in the previous year saw imports amounting to goods worth Rs. 12.01 Kharba. […]

Read More
Nepali Banks' Interest Rate Review: Baisakh 2081 Update 3
Business | Market | Economy

Nepali Banks’ Interest Rate Review: Baisakh 2081 Update

In the most recent financial update, twenty commercial banks have announced revisions to their interest rates for the month of Baisakh. Interestingly, a majority of these banks, totaling 13, have opted to decrease their interest rates. However, notable exceptions to this trend include NMB Bank (NMB) and Everest Bank (EBL), which have instead chosen to […]

Read More
Garima Bikas Bank Welcomes Nepali New Year 2081 with Exciting Cashback Scheme 5
Business | Market | Economy

Garima Bikas Bank Welcomes Nepali New Year 2081 with Exciting Cashback Scheme

As Nepal eagerly awaits the arrival of New Year 2081, Garima Bikas Bank Limited (GBBL) delights its customers with a special cashback scheme, promising enticing rewards for debit and credit card users. With the aim of promoting cashless transactions and enhancing customer satisfaction, GBBL introduces a generous cashback offer of 20.81%, allowing users to earn […]

Read More