Kumari Bank Limited has put founder shares up for sale. The bank has made available over 102,000 founder shares owned by various founder shareholders.
Only existing founder shareholders are eligible to apply for the purchase. Applications must be submitted within 35 days of the notice to the bank’s share registrar, Kumari Capital, or directly to the bank’s central office in Tangal. The sale price of the shares will be as determined by the sellers.
This move provides founder shareholders the opportunity to trade their shares while promoting greater transparency in the bank’s share transactions.
