Kumari Bank Puts 200,000 Units of Avasar Equity Diversified Fund Up for Auction

Kumari Bank Limited has called for sealed bids to auction 200,000 units of the Avasar Equity Diversified Fund, managed by Avasar Equity Limited, under a 15-day public notice.

The private equity and venture capital (PEVC) units, carrying a face value of NPR 1,000 each, have been set at a minimum base price of NPR 1,225 per unit. Interested individual and institutional investors must bid for a minimum threshold of 25,000 units and deposit a 10% earnest money guarantee into Kumari Bank’s designated account.

Sealed applications, complete with standard registration and identity documentation, must be submitted to Kumari Bank's head office in Tangal, Kathmandu, by 5:00 PM on 2083/08/02 B.S., ahead of bid opening scheduled for 5:00 PM the following day.