Kathmandu. KATHMANDU: Himalayan Bank Limited (HBL) has decided to convert 10 percent of its promoter shares to the general public.
A meeting of the board of directors of the bank held on Sunday decided to convert 10 percent promoter shares of the bank to the general public. This decision has been taken to expedite the process of converting promoter shares to the general public on the basis of existing capital in accordance with the prevailing directives of Nepal Rastra Bank.
Currently, promoter shareholders of the bank hold 70 percent stake while ordinary shareholders own 30 percent. After the revision, promoter shareholders will hold 60 percent shareholding in the bank while the general public will hold 40 percent.
After this process, 10 percent i.e. 1,58,000 units of shares in the name of promoter shareholders of the bank will be converted into general public.
