Lumbini Bikas Bank Auctions 151,585 Promoter Shares to Public and Institutions Starting Today
Lumbini Bikas Bank Limited (LBBL) has begun auctioning 151,585 units of promoter shares to the general public and institutions. Interested investors have 15 days from the notice date, 21st Ashwin, 2083, to submit bids at the bank's central office in Kamaladi, Kathmandu.
Lumbini Bikas Bank Limited (LBBL) has announced an auction of 151,585 units of promoter shares to the general public and institutions, starting today. The existing promoters are offloading these shares, offering an opportunity for external investors to acquire a stake in the bank.
The auction is open to individual investors, companies, and institutions. Interested parties are required to submit their bids within 15 days from the notice's publication date, i.e., 21st Ashwin, 2083.
Bids must be submitted at the company's central office located in Kamaladi, Kathmandu. This move allows the bank to broaden its shareholder base and potentially improve liquidity in its promoter shares.