Kumari Bank Auction : Bid opening today

The bid opening program of Kumari Bank is scheduled for today in Hotel Ambasador at 10 am. 

The company had auctioned 5,01,921.69 unit promoter shares and 639,452 units ordinary type shares to general public from 22nd Ashad to 29th Ashad, 2075 at a price Rs 100 or above. 

NIBL ACE Capital is managing the issue. 

The paid-up capital will reach 7.15 arba after capitalization of 20%  right shares. Thus, the bank can possibly issue bonus shares of 12% to meet the capital requirement set by the central bank. 

The shares of Kumari Bank was last traded for Rs 190 in the stock exchange.