Kumari Capital Limited has announced the auction of 45,57,912 units of promoter shares of Kumari Bank Limited (KBL) starting today, Jestha 28, and running until Ashad 3, 2081. The auction is open to interested general public and institutions. The minimum bid rate is set at Rs. 100, and the minimum bid quantity is 1,00,000 units. Kumari Capital Limited will serve as the auction manager for this process.
Additionally, the current promoters of Kumari Bank Limited are auctioning 3,54,555 units of shares to interested promoter shareholders from today. The breakdown of the shares being sold includes 6,055 units by Mandira Maharjan Dangol, 48,500 units by Bimal Kumar Timalsina, and 3,00,000 units by Rajan Prasad Amatya. Only existing promoters are eligible to participate in this auction, which will be open for 35 days from the notice publication date of Jestha 27.
Bids must be submitted at either the central office of Kumari Bank located in Tangal, Kathmandu, or at Kumari Capital Limited in Naxal, Nagpokhari, Kathmandu. If no bids are received from the existing promoters within the specified timeframe, the shares will be made available to the general public in a subsequent auction.
As of the latest update, Kumari Bank Limited (KBL) has a last traded price (LTP) of Rs. 138.00, while its promoter shares (KBLPO) have an LTP of Rs. 104.00.