Auction for Bank of Kathmandu Promoter shares commences today

Auction for 61,58,067 units of Bank of Kathmandu Promoter share has commenced from today. The auction closes on 15th of December,2017 (29 Mangshir, 2074)

Bidders can bid a minimum price of Rs 100. Whereas minimum of 100 units are acceptable. Nabil Investment Banking Limited is the issue manager of the auction. The auction forms can be submitted in Nabil Investment's office, Naxal, Kathmandu or any other stated branches of Bank of Kathmandu.

The prime reason behind the auction is to increase the proportion of promoter shares to 51%. The percentage of promoter share had diluted to 46.54% after the merger with lumbini bank.  

Bank of Kathmandu Promoter shares had a LTP of Rs 270