Himalayan Bank to Convert 10% Promoter Shares into Public Shares

Kathmandu. Himalayan Bank Limited has decided to convert 10% of its promoter shares into public shares, marking a significant move in its capital structure. The decision was made during the bank’s 493rd Board of Directors meeting held on Chaitra 15, 2082.According to the bank, the conversion process will be carried out in line with the prevailing directives of Nepal Rastra Bank. Based on the current capital structure, preparations are underway to convert 10% of promoter shares into public shares.The bank has formally informed Nepal Stock Exchange about this decision through an official letter. It has also clarified that the conversion process will only be completed after obtaining approval from the concerned regulatory authorities.Market analysts believe that this move is likely to bring a notable change in the bank’s shareholding structure. It is expected to increase public participation in the bank’s ownership and enhance liquidity in the secondary market.The bank emphasized that the final implementation will proceed only after regulatory approvals are secured. This decision is anticipated to have a positive impact on the bank’s share trading activity and investor interest in the coming days.