Kathmandu. Himalayan Bank Limited (HBL) has decided to convert its promoter shares to the general public. The bank plans 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.
The decision has been taken to expedite the process of converting promoter shares to the general public on the basis of existing capital as per 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 of the bank will hold 60 percent shareholding and the general public will hold 40 percent.
