Kumari Bank to Sell 287,537 Founder Shares

Kumari Bank has announced the sale of 287,537 founder shares held by two of its founding shareholders. Existing founder shareholders of the bank are eligible to apply for these shares.

Interested founder shareholders must submit their applications within 35 days from today, i.e., from May 23, at the bank's head office in Tangal or Kumari Capital's office in Naxal Nagpokhari, Kathmandu. The share price will be determined as per the seller's set price.

If the existing founder shareholders do not purchase the shares within this period, the bank will sell the shares to other individuals or institutions.

This process has been initiated to manage the bank's share structure and to provide founder shareholders with the opportunity to manage their shares.

The bank has urged its customers and shareholders to visit the bank's website or contact the nearest branch for more information.