The existing promoter shareholder of Kumari Bank Limited (KBL) has initiated the auction of 5,30,000 units of promoter shares, starting from the 20th of Kartik, 2080.
In this auction, a total of 5,30,000 promoter shares of KBL were made available for bidding at a minimum rate of Rs. 101. The opportunity to bid is extended to both the general public and institutions, with a deadline set for the 20th of Kartik. Interested shareholders are required to submit their bids at Kumari Capital Limited, situated at Naxal, Nagpokhari, Kathmandu.
As of the latest information available, KBL is trading with an LTP (Last Traded Price) of Rs. 151.70. It’s worth noting that the LTP for KBLPO, the promoter shares, was recorded at Rs. 101 as of the 18th of October, 2023.
Highlights:
- Machhapuchchhre Bank Successfully Concludes Promoter Shares Auction.
- Kumari Bank Initiates Auction of 91,638 Promoter Shares for Existing Shareholders
- Vishal Group Limited Initiates Auction of 15,00,000 Promoter Shares of Nepal Reinsurance Company Limited (NRIC) with NIC Asia Capital as Auction Manager
- Siddhartha Premier Insurance Limited Initiates Auction of 300,000 Promoter Shares
- Rawa Energy Development Limited Concludes IPO of 643,667 Unit Shares