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Lumbini Bikas Bank Promoter Initiates Auction for 37,319 Shares to Existing Shareholders

The current promoter of Lumbini Bikas Bank Limited (LBBL) is initiating an auction for 37,319 units of shares to be exclusively offered to existing promoter shareholders, starting from today. Manlaxmi Thapa, a promoter of LBBL, is overseeing the sale of these 37,319 units of promoter shares to fellow existing promoter shareholders. Interested individuals are invited to participate in this auction, and they have a 35-day window from the date of this notice’s publication, which falls on the 15th of Kartik.

Potential investors who wish to take part in this auction should submit their bids at the bank’s central office, located in Dillibazar, Kathmandu. In the event that no bids are received from the current founder shareholders within the specified timeframe, these shares will subsequently become available for auction to the general public.

As of the most recent trading day, LBBL had closed at a share price of Rs. 372.70. Conversely, the last traded price (LTP) for LBBL Promoter Share Auction (LBBLPO) was reported at Rs. 182.00 as of the 4th of June, 2023. This LTP represents the price at which these shares were most recently traded before the initiation of this auction.


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