Himalayan Bank Announces Conversion of 10 Percent Founder Shares into Public Shares
▸ Part of: Kumari Bank Issues Loan Repayment Notice; Other Banks Warn of Scams and Announce Share Conversions
Himalayan Bank Limited is allowing founder shareholders to convert up to 10 percent of their shares into public shares, adhering to Nepal Rastra Bank regulations. This move will adjust the bank's equity structure, reducing promoter ownership to 60 percent and increasing public shares to 40 percent. Eligible founder shareholders must apply within 35 days to Himalayan Capital Limited, the share registrar, to facilitate this conversion and enhance market liquidity.
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