Deadline Extended for the Auction of 4,50,000 Units Promoter Share of Kumari Bank Limited till 18th Baishakh

Wed, Apr 24, 2024 7:53 AM on Latest, Auction,

Kumari Bank Limited (KBL) has extended the deadline for the auction of 4,50,000 units of promoter shares till 18th Baishakh, 2081.

Kumari Bank Limited has been selling 4,50,000 units of promoter shares in an auction. Earlier, the auction commenced on the 3rd of Baishakh, 2081, and is intended to finish today, i.e. on the 12th of Baishakh, 2081. However, due to an insufficient number of applications, the auction has been extended until the 18th Baishakh.

Interested general public/institutions can bid for the auction. Rs. 106 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 10,000 units.

Kumari Capital Limited is the auction manager.

As of writing, KBL has an LTP of Rs. 132.80.