16th February 2025, Kathmandu
Kumari Bank Limited has announced the sale of 25,468 founder shares to the general public. These shares were initially reserved for the bank’s founder shareholders, but after no applications were received, the bank decided to offer them to the public.
Kumari Bank Share Sale Kathmandu
Background of the Sale
Kumari Bank had earlier provided an opportunity for its founder shareholders to buy these shares. The deadline for applications from the founder shareholders passed without any response. As a result, the bank opened up the sale to the general public.
Application Process
Interested individuals who want to purchase these shares must submit their applications to Kumari Capital Limited (the bank’s share registrar) located in Naksal, Kathmandu, or at the Kumari Bank Head Office in Tangal, Kathmandu. The deadline for applications is 35 days from the publication date of the notice.
Sale Conditions
The bank has clarified that if there are no applications from the founder shareholders within the allotted time, the sale will continue with the public as the new target buyers. This marks a shift from the original intent to prioritize founder shareholders for the purchase of these shares.
Public Sale Announcement
With no response from the existing founder shareholders, the bank now invites the general public to apply for the shares. This move allows the public to become part of the bank’s ownership.
Key Information for Applicants
Shares Available: 25,468 Founder Shares
Deadline for Applications: 35 days from notice publication
How to Apply: Submit applications at Kumari Capital Limited in Naksal or Kumari Bank Head Office in Tangal, Kathmandu
Eligibility: Open to the general public
For more details, interested individuals can visit the bank’s share registrar or head office.
Kumari Bank’s decision to open these shares to the public provides an opportunity for people to invest in the bank’s growth and ownership.
For more: Kumari Bank Share Sale Kathmandu