18th March 2025, Kathmandu
Kumari Bank Limited has announced the sale of approximately 500,000 shares. Of these, 487,012 are founder shares. The bank has reserved 200,000 shares exclusively for its existing founding shareholders. The remaining 287,012 shares are open to the general public and institutions.
Kumari Bank Founders Share Sale
Interested parties have 35 days to submit their purchase applications. Applications can be made at the bank’s central office in Tangal, Kathmandu, or Kumari Capital’s office in Nagpokhari. The share price will be determined by the seller.
Kumari Capital Limited, the bank’s share registrar, will manage the process. The sale aims to expand the bank’s shareholder base. Existing founding shareholders can purchase up to 200,000 shares. Meanwhile, the public can acquire the remaining 287,012 shares.
The bank has set clear guidelines for the application process. Founding shareholders and the public must apply within the 35-day window. Applications can be submitted at Kumari Capital’s office in Naxal, Nagpokhari, or the bank’s head office in Tangal, Kathmandu.
This initiative provides an opportunity for both existing stakeholders and new investors. The bank hopes to strengthen its financial position through this share sale. By offering shares to the public, Kumari Bank aims to increase public participation in its growth.
The share sale reflects the bank’s commitment to transparency and inclusivity. It also aligns with its strategy to diversify its investor base. Interested individuals and institutions are encouraged to act promptly to secure their shares.
In summary, Kumari Bank’s share sale includes 487,012 founder shares, with 200,000 reserved for founding shareholders and 287,012 for the public. Applications must be submitted within 35 days at designated offices. The share price will be determined by the seller, and the process is managed by Kumari Capital Limited. This move underscores the bank’s efforts to engage both existing and new investors in its future growth.
For more: Kumari Bank Founders Share Sale