Kumari Bank Limited has announced the sale of 100,000 founder shares currently held by its promoter shareholders.

According to the bank, existing founder shareholders will receive the first right to purchase the shares in accordance with the directives issued by Nepal Rastra Bank (NRB).

Interested founder shareholders are required to submit their applications within 35 days at Kumari Capital Limited in Naxal or at the bank's head office in Tangal, Kathmandu.

The bank stated that if the existing founder shareholders do not apply within the specified period, the remaining founder shares will be offered to other eligible investors and the general public in accordance with prevailing regulations.

Kumari Bank has urged eligible shareholders to complete the application process within the prescribed deadline.