14.83 Lakh Promoter Shares of Kumari Bank in Auction From Today

Fri, May 26, 2023 10:12 AM on Latest, Auction,

The existing promoters of Kumari Bank Limited (KBL) are selling 14,83,378 units of promoter shares in an auction to the general public from today i.e. 12th Jestha to 19th Jestha, 2080.

14,83,378 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Rs. 110 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 1000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.

Sunrise Capital Limited is the auction manager. As of writing, KBL has an LTP of Rs. 169.20.

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