21st November, Kathmandu
Kumari Bank Limited has officially declared its intention to sell a substantial number of promoter shares, offering an opportunity for its existing promoter shareholders to expand their stake in the bank.
Kumari Bank Promoter Share Sale
This move aligns with regulatory guidelines that mandate prioritizing current promoter shareholders when offering such shares for sale.
Details of the Offer
The bank is offering a total of 131,628 promoter shares for sale. These shares are exclusively available to the bank’s existing promoter shareholders, ensuring that they have the first right to acquire additional equity in the institution.
Application Process: How to Apply
Interested promoter shareholders must follow a straightforward application process to express their interest in purchasing these shares. Applications can be submitted at the following designated locations:
- Kumari Capital Limited, located at Naxal, Nagpokhari
- Kumari Bank Limited Head Office, situated in Tangal
Shareholders are advised to prepare and submit their applications within 35 days from the date the public notice was issued. Timely submission is crucial, as applications submitted beyond this deadline will not be considered.
Determination of Share Price
The exact price of the shares will be determined by the seller based on a valuation process. This valuation ensures fairness and transparency, providing potential buyers with a clear understanding of the investment opportunity. The finalized price will be communicated to interested buyers during the sale process.
A Unique Investment Opportunity
This sale marks a significant chance for promoter shareholders to enhance their financial stake and influence in the bank. By acquiring these shares, shareholders can deepen their connection with Kumari Bank Limited while contributing to its continued growth and stability.
Important Reminder:
Potential buyers are strongly encouraged to review the full details provided in the public notice. This includes essential information about eligibility, pricing, and the application process. To ensure their participation, shareholders should act promptly and submit their applications within the specified timeframe.
With 131,628 promoter shares up for grabs, this offering represents an exclusive opportunity for shareholders to reinforce their investment in one of Nepal’s leading banking institutions.
For more: Kumari Bank Promoter Share Sale
