Banking News – Kumari Bank Limited has announced the sale of 5,255 founder shares currently held by one of its existing founder shareholders.

The bank stated that the shares are initially available only to existing founder shareholders of Kumari Bank.

Interested founder shareholders wishing to purchase the shares must submit their applications within 35 days from the date of publication of the notice.

The bank has not disclosed the identity of the selling founder shareholder or the sale price in the announcement. If the shares remain unsubscribed by existing founder shareholders within the stipulated period, the bank may proceed with the sale in accordance with prevailing regulatory provisions.