The existing promoter of Kumari Bank Limited (KBL) is auctioning 5,392 units of shares to the general public from today.
Lok Maya Gurung intends to sell 2,305 units, and Tika Ram Sapkota intends to sell 3,087 units of promoter shares to the general public. Interested individuals are requested to bid for the auction within 35 days from this notice's publication date, i.e. 8th Mangsir.
The shareholders should submit their bids at the central office of the bank located at Naxal, Kathmandu. Since no bids were received from existing founder shareholders within the specified timeframe, the shares are now opened for auction to the general public.
KBL closed at Rs.153.90 as of 23rd November, 2023. Meanwhile, KBLPO has an LTP of Rs. 110.00 as of 9th November, 2023.