Kumari Bank Initiates Auction for Promoter Shares of Sagarmatha Lumbini Insurance Company
Kumari Bank Limited (KBL) is selling the promoter shares of Sagarmatha Lumbini Insurance Company Limited (SALICO) in the auction from today i.e. 28th Chaitra to 1st Jestha, 2081.
1,14,612 unit promoter shares of SALICO are being auctioned. Promoter shareholders are eligible to bid in the auction of SALICO. Rs. 275 is the minimum bid rate for SALICO's auction. The minimum bid quantity for promoters’ shares is 1,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
Kumari Capital is the auction manager. As of writing, SALICO has an LTP of Rs. 667.00 respectively.
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