Himalayan Bank Plans to Issue FPO; Partners with Citizens Capital for Issue Management

Tue, Jun 18, 2024 4:46 PM on Latest, IPO/FPO News,

Himalayan Bank Limited (HBL) has officially partnered with Citizens Capital Limited for the management of its Further Public Offering (FPO).

The agreement was formalized on Asadh 04, 2081 (June 18, 2024) during a ceremony held in Kamaladi, Kathmandu. Mr. Ashoke SJB Rana, the Chief Executive Officer of Himalayan Bank Limited, and Mr. Sabir Bade Shrestha, the CEO of Citizens Capital Limited, signed the agreement, marking a significant step in Himalayan Bank's capital market journey.

Under this agreement, Citizens Capital Limited, a subsidiary of Citizens Bank International Limited, will oversee the FPO process for Himalayan Bank Limited.