Kumari Bank Offers 22,327 Promoter Shares for Sale

Kumari Bank has announced the sale of 22,327 promoter shares owned by its current promoter shareholders. Existing promoter shareholders of the bank are eligible to apply for the purchase of these shares.

Application Process:

• Application Period: Interested promoter shareholders must submit their applications within 35 days, starting today (Bhadra 24).

• Application Location: Applications can be submitted at the bank's head office in Tangal or Kumari Capital's office in Naxal Nagpokhari, Kathmandu.

• Share Price: The price of the shares will be as determined by the seller, as mentioned in the notice.

Other Provisions:

If the current promoter shareholders do not purchase the shares within the specified time, the bank will sell the shares to other individuals or entities.

This decision provides an opportunity for the existing promoter shareholders to acquire additional shares and offers the chance for other interested investors to purchase shares in the future.