Himalayan Bank to Convert 10% Promoter Shares into Public Shares
Summary
Himalayan Bank Limited has decided to convert 10 percent of its promoter shares into public shares following directives from Nepal Rastra Bank to enhance public ownership and comply with regulatory standards.
Key Points
- Himalayan Bank Limited plans to convert 10% of its promoter shares into public shares.
- The decision was made during the bank's 493rd Board of Directors meeting.
- Conversion will be based on the bank's existing paid-up capital and regulatory provisions.
- The conversion process will begin soon after obtaining necessary regulatory approvals.
