The promoter of Machhapuchchhre Bank Limited (MBL) is putting up 1,12,32,492 shares for auction to fellow promoters. This amounts to around 18.95% of all promoter shares or 51% of ownership. With a total of 11.62 Crore shares listed on the Nepal Stock Exchange (NEPSE), the auctioned shares represent about 9.66% of all shares. This move is expected to draw investor interest and could potentially change MBL’s ownership structure.
Highlights:
- MBL Promoter Shares Auction Launched
- Machhapuchchhre Bank Limited Promoter Initiates Auction of Significant Shares
- Kumari Bank Initiates Auction of 22,000 Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders
- 1.12 Crore Promoter Shares of Machhapuchchhre Bank Up for Auction Today
- Vishal Group Limited to Auction Promoter Shares of Nepal Reinsurance Company Limited