Kumari Bank and Infinity Laghubitta Initiate Share Auctions for Promoter Shares

The current promoter of Kumari Bank Limited (KBL) has initiated an auction for 10,00,000 units of shares, inviting interested existing promoter shareholders to participate. Birendra Kumar Shah, the promoter, aims to sell these shares to interested individuals within a 35-day timeframe from the publication date of the notice, which is the 5th of Baishakh, 2081. The auction bids are to be submitted either at the bank’s central office in Tangal, Kathmandu, or at Kumari Capital Limited in Naxal, Nagpokhari, Kathmandu. In the event of no bids from existing founder shareholders within the specified period, the shares will later be made available for auction to the general public.

KBL’s recent closing price was recorded at Rs. 134.80, while the Last Traded Price (LTP) for KBLPO stands at Rs. 106.00.

Similarly, Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has announced an auction of 60,050 units of shares, open to both existing promoter shareholders and the general public/institutions, commencing from the same date, the 5th of Baishakh, 2081. Despite the previous notice to existing promoter shareholders, no applications were received within the stipulated timeframe, prompting the opening of the auction to the wider public and institutions. Interested parties can bid for these shares within a 15-day window, with bids to be submitted at ILBS’s central office in Gaidakot, Nawalparasi.

ILBS currently trades at a Last Traded Price (LTP) of Rs. 969.00, while ILBSP has an LTP of Rs. 365.00.


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