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Kumari Bank Limited Initiates Promoter Share Auction: Exclusive Opportunity for Existing Shareholders

The current promoters of Kumari Bank Limited (KBL) have initiated an auction for the sale of 3,40,016 units of shares exclusively to the existing promoter shareholders. The sellers include Srijana Paneru Neupane, who plans to sell 3,33,702 units, Hari Bahadur Thapa with an intention to sell 1,050 units, and Tarka Bahadur Budhathoki aiming to sell 5,264 units of promoter shares. Prospective buyers are invited to submit their bids within 35 days from the date of this notice’s publication, which is December 12th, 2023.

Interested shareholders are required to place their bids at the central office of Kumari Bank Limited, situated in Naxal, Kathmandu. If there are no bids received from the existing founder shareholders within the specified time frame, the shares will subsequently be made available for auction to the general public.

As of December 27th, 2023, Kumari Bank Limited (KBL) concluded trading at a closing price of Rs. 160.90. Additionally, the Kumari Bank Limited Promoter Share (KBLPO) recorded a Last Traded Price (LTP) of Rs. 108.00 as of December 20th, 2023.


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