CDSC and Himalayan Bank sign agreement for dematerialization of scrip

ShareSansar, July 18:

Himalayan Bank Limited and CDS and Clearing Limited have signed an agreement for dematerialization (demat) of share certificates.

Himalayan Bank has agreed upon to dematerialize 43,47,000 units of ordinary shares and 2,46,33,000 units of promoter shares.

The bank’s ISIN (International Securities Identification Number) for ordinary share will be NPE 019A00007 and for promoter share NPE019A00015.

Till date including Himalayan Bank there has been 17 companies that have agreed to dematerialize the scrips.    

Chief Executive Officer of Himalayan Bank Ashok Shamsher Rana and Chief Executive Officer Subodh Sharma Sidgel inked the pact on behalf of their respective organizations.

CDS and Clearing Limited, known as CDSC, was established in 2010 and inaugurated in March 2011 as a company promoted by Nepal Stock Exchange Limited to provide centralized depository, clearing and settlement service in Nepal.

CDSC is the sole depository company in Nepal which acts as the central securities depository and clearing house for securities traded at NEPSE.

PRESS RELEASE OF CDS