Himalayan Bank Converts 10% Founders’ Shares to Public Shares, as Decided by Board

Himalayan Bank has decided to convert 10% of its founders' shares into ordinary shares, increasing public ownership. This move was approved by the bank’s board of directors during their recent meeting. Founders' shares are shares originally owned by the bank’s founders which carry special privileges; converting them into ordinary shares means these shares are now available for everyday investors to buy and sell on the stock market. This decision is likely to improve liquidity and attract more retail investors, which could positively impact the NEPSE index. The bank is now set to initiate the necessary official processes for this conversion based on the current paid-up capital.

• Himalayan Bank to convert 10% founders’ shares to ordinary shares, opening doors for public investors. #SamacharSanjal #NEPSE #GoldPriceNepal #StockMarketNepal