88,10,826 Promoter Shares of Everest Bank (EBL) Converted to Ordinary Shares

88,10,826 units Promoter Shares of Everest Bank Limited (EBL) have now been converted into ordinary public shares.

Everest Bank had recently convened its 26th AGM for the FY 2076-77 under the leadership of its chairman. The AGM endorsed the board’s proposal to provide 5% bonus shares and 5.53% cash dividend to the shareholders, as per the media statement. Furthermore, the AGM also endorsed the decision to convert 9.91% promoter shares to general shares.

With this conversion, the promoter to public shareholding ratio of the company is now 59.23: 40.77. As of writing, the ordinary shares of EBL have the last day's closing at Rs. 816.