Kumari Bank Limited Initiates Auction of Promoter Shares to General Public

The promoters of Kumari Bank Limited (KBL) have decided to sell 7,57,699 units of their shares through an auction. This auction is open to individual investors, companies, and institutions, and will take place from 16th Jestha to 22nd Jestha, 2080.

Interested bidders can participate in the auction with a minimum bid rate of Rs. 121 per share. The minimum bid quantity for the promoter shares is set at 1000 units. Bidders can place bids for the entire share issue, but they must adhere to the Nepal Rastra Bank’s guidelines regarding the maximum quantity of shares that can be held by a single entity.

NIBL Ace Capital Limited has been appointed as the auction manager for this process. Bids will be opened at the auction manager’s premises on 23rd Jestha, 2080.

At present, the Last Traded Price (LTP) of KBL shares stands at Rs. 168.

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