Lumbini Development Bank and Kumari Bank have started the process to sell their founder shares to interested investors after releasing formal notices.
Lumbini Development Bank Share Sale
Lumbini Development Bank Limited has decided to sell 1,803 units of founder shares. This decision came after one of their existing founder shareholders, Diwakar Kucheriya, submitted an application to sell his holdings. The bank is currently offering these shares only to existing promoter shareholders. Anyone who wants to buy these shares need to submit their application at the bank’s central office in Dillibazar, Kathmandu within 35 days from the date of the public notice. If no existing shareholders apply within this time, the bank mentioned that they will then sell these shares to other people or organizations.
Kumari Bank Share Sale
Similarly, Kumari Bank Limited has opened the sale of 1 lakh units of founder shares for the general public. The bank had previously offered these shares to their current promoters, but as the shares were not sold within the given period, they are now available for common people to purchase. Interested individuals can submit their applications at Kumari Capital Limited located in Naxal or at the head office of the bank in Tangal. The deadline for submitting the application is 35 days from the date the notice was first published.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
