NRN Infrastructure to Sell Over 600,000 Shares of Kumari Bank and Mero Microfinance

NRN Infrastructure has announced its decision to sell more than 600,000 shares it owns in two financial institutions—Kumari Bank and Mero Microfinance. The company issued a statement on Monday informing that it will divest part of its promoter-level holdings from both institutions.

According to the notice, NRN Infrastructure plans to sell 530,000 shares of Kumari Bank and 78,209 shares of Mero Microfinance. As part of the first phase, a 35-day notice has been issued to the existing promoter shareholders, giving them the first right to purchase these shares.

Interested promoter shareholders are required to submit their applications within the given timeframe. Applications for purchasing Kumari Bank shares must be submitted at the bank’s head office in Tangal, Kathmandu, while those interested in Mero Microfinance shares must apply through the institution’s contact office in Sitaipaila, Kathmandu.

The company stated that additional details regarding the share sale can be obtained from the respective offices.