Kumari Bank Limited has issued a 35-day notice inviting existing promoter shareholders to apply for the purchase of 5,254 promoter shares offered for sale by the bank’s existing shareholders.
According to the bank, its promoter shareholders have submitted applications expressing their intention to sell the shares registered in their names. In accordance with directives issued by Nepal Rastra Bank, existing promoter shareholders will have the first right to purchase the shares.
Interested existing promoter shareholders must submit their applications within 35 days from the date of publication of the notice. Applications must reach either the bank’s share registrar, Kumari Capital Limited, located in Naxal, Nagpokhari, Kathmandu-1, or Kumari Bank’s head office in Tangal, Kathmandu-2, within the specified deadline.
The selling price of the shares will be determined by the respective sellers.
The bank has stated that if no applications are received from existing promoter shareholders within the stipulated period, the process of selling the shares to buyers outside the existing promoter group will be initiated.
Published by Kumari Bank Ltd (KBL) on 2083-6-28
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