Kumari Bank Founder Share Sale: 4,546,038 Units, Eligibility, Public Offering Potential
24th February 2025, Kathmandu
Kumari Bank has put 4.5 million founder shares up for sale. These shares, totaling 4,546,038 units, are currently owned by various founder shareholders. The sale is open exclusively to them.
Kumari Bank Founder Share Sale
Eligibility for Purchase
Only Kumari Bank’s founder shareholders can apply to purchase these shares. Interested shareholders have 35 days to submit their applications. They can apply at Kumari Bank’s head office in Tangal, Kathmandu, or Kumari Capital in Nagpokhari.
What Happens if No Application is Submitted?
If founder shareholders do not submit purchase applications within the given 35-day period, Kumari Bank will open the sale to the public. The unsold shares will be available to other individuals and institutions.
Sale Process Details
A total of 4,546,038 founder shares are available for sale. The shares belong to the bank’s founder shareholders, who are now allowed to purchase additional shares. If no applications are received within the deadline, the bank will make the shares available to the general public. Kumari Capital will manage the share sale process, ensuring transparency and efficiency.
Bank’s Strategy Behind the Sale
This initiative is part of Kumari Bank’s strategic approach to strengthening its capital base. The sale could result in a shift in the ownership structure of the bank, providing more flexibility and growth opportunities. The bank aims to offer its founder shareholders a chance to increase their stake while also ensuring broader public participation if the shares remain unsold.
Impact on Shareholder Structure
The sale may alter the current shareholder structure of Kumari Bank. If founder shareholders choose not to participate, other investors may step in. This change could have long-term effects on the bank’s governance and decision-making processes.
Application Deadline and Next Steps
Founder shareholders must submit their purchase applications within the next 35 days. After the deadline, the sale will be opened to the public if necessary. Investors looking for more information can visit Kumari Bank’s head office or Kumari Capital.
Conclusion
Kumari Bank is offering 4.5 million founder shares for sale to its founder shareholders, with an open window of 35 days for applications. If no applications are received during this time, the shares will be available to the public. This sale is a crucial step in Kumari Bank’s growth strategy, aiming to strengthen its capital and broaden its ownership base.
For more: Kumari Bank Founder Share Sale
