Bank of Kathmandu Lumbini to float 62 lakh units FPO for promoters

Bank of Kathmandu Lumbini (BOKL) has decided to further issue promoter shares to bring their promoter-public shareholding ratio to 51:49. As per the notice published on NEPSE today, the 10^th BOD meeting of the commercial bank held on Poush 17, 2073 has decided to issue 6,208,132 promoter shares at a premium price. Bank of Kathmandu Lumbini Ltd. earned a net profit of Rs. 27 crore in the first quarter of the current fiscal year 2073/74 . It recently announced 23% bonus shares to its shareholders from the profits it made in the FY 2072/73.