Kumari Bank Limited has announced the sale of founder shares owned by various promoter shareholders. The bank has opened the sale of a total of 5,255 units of founder shares starting today.

According to the bank, only existing founder shareholders of the company will be eligible to apply for the purchase of these shares during the initial phase. Interested promoter shareholders must submit their applications within 35 days from the date of notice publication.

Applications can be submitted to the bank’s share registrar, Kumari Capital Limited, or at the central office located in Tangal, Kathmandu.

The selling price of the shares will be determined as fixed by the respective sellers.

The bank has also stated that if no applications are received from existing founder shareholders within the specified timeframe, the shares may later be made available to other investors outside the promoter group.