91 investors allotted 2, 48,545 units auctioned promoter shares of Kathmandu Finance; Cut-off price stood Rs. 100

Kathmandu Finance Limited (KFL)  had auctioned its 2,48,545 units promoter right shares to the general public from Poush 20 to Poush 30, 2072. The bid was opened on Poush 30, 2072 at 5:00 PM. According to the official of NIBL Capital Markets Limited, the finance has set the cutoff price for the 2, 48,545 units promoter shares at Rs 100. The highest bid amount for the auction shares received was Rs 115. Total 91 applicants have submitted their bids for 2, 48,545 units of promoter shares and all of them got shares. Kathmandu Finance had earned net profit of Rs. 28.79 lakh in its first quarter of the fiscal year 2072/73. The last trading price of KFL stood at Rs 163on April 16, 2015. The trading of KFL has been halted due to ongoing merger process with Gurkha Development Bank Ltd.