Himalayan Bank FPO Details

Himalayan Bank Limited (HBL) has made a significant move in the Nepalese financial market by announcing its Follow-On Public Offering (FPO), marking its expansion and commitment to growth. The decision was reached during the bank’s 31st Annual General Meeting. Shareholders approved the issuance of additional shares at a premium price in that meeting.

For the management of FPO HBL has partnered with Citizens Capital Limited, a renowned entity in Nepal’s financial sector. Mr. Ashok Shamsher, CEO of Himalayan Bank Limited, and Mr. Sabir Bade Shrestha, CEO of Citizens Capital Limited, formalized this partnership through a signing ceremony.

The agreement between HBL and Citizens Capital outlines the latter’s role as the issue and sales manager for the FPO. This includes overseeing the offering process, ensuring compliance with regulatory requirements set by the Securities Board of Nepal (SEBON), and managing the sale of shares to interested investors.

The submission of the FPO application to SEBON marks the next crucial step for Himalayan Bank Limited. Approval from the regulatory body is necessary before the bank can proceed with offering shares to the public, ensuring transparency and adherence to legal standards.

In conclusion, Himalayan Bank’s decision to launch an FPO underscores its commitment to sustained growth and shareholder value. Citizens Capital Limited’s management of the issue positions the bank to effectively navigate the complexities of the financial markets.

Stay Informed and Engaged!

Whether you’re a shareholder looking to stay updated on upcoming issues or someone interested in navigating share market, we’re here to assist you. Feel free to reach out for more information or guidance on how you can participate in this exciting opportunity. Stay tuned for more updates as Himalayan Bank progresses with its FPO journey.

Also Check: Upcoming Investment Opportunities in Nepal!