Himalayan Bank Gets Approval to Issue FPO at Rs. 157 Per Share

The Securities Board of Nepal (SEBON) has granted approval to Himalayan Bank Limited to issue a Follow-on Public Offering (FPO).

With the approval received on Asar 22, the bank will now issue FPO shares worth Rs. 1.56 billion (Rs. 1,56,33,29,261).

As per the plan, the FPO will be issued at a face value of Rs. 100 with an additional premium of Rs. 57, making the total price per share Rs. 157.

The bank is preparing to announce the FPO issuance and opening date soon. The offering is expected to diversify the bank’s shareholding structure.