Himalayan Bank to Issue Right Share

April 7: Himalayan Bank is issuing right shares in the ratio of 7:1. The bank on April 6 signed an agreement with Laxmi Capital Market to issue the rights share. The Laxmi Capital will undertake the role of issue manager. Ashok Shamsher JB Rana, CEO of Himalayan Bank and Rajiv Sapkota, CEO of Laxmi Capital signed the agreement paper on behalf of their respective organizations.

The investors of the Himalayan Bank holding 100 units of shares can apply for 14 units of shares. With the issuance of rights shares, the bank’s paid-up capital will reach to Rs 5.14 billion which is currently at Rs 4.49 billion.