Himalayan Bank to issue 7:1 (64.27 lakh unit) Right Shares from Kartik 26; Book Closure on Kartik 10

Himalayan Bank Limited (HBL) will be issuing 7:1 (14. 28%) right shares to its existing shareholders from Kartik 26, 2073. According to the notice published by the commercial bank today, the rights issue will remain open for 35 days before closing on Mangsir 30, 2073. Himalayan Bank will be issuing a total of 64, 27,350 unit right shares at the face value of Rs 100. The book closure date for 14.28% right issue has been set for Kartik 10, 2073 for one day. Only the shares registered one trading day ahead of the book closure date i.e. Kartik 9, 2073 will be eligible for the right shares. Laxmi Capital Market Limited is assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Laxmi Capital, Hattisar, Kathmandu and all branch offices of Himalayan Bank . After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 5.24 arba from existing Rs 4.49 arba. The bank has authorized capital of Rs 8.50arba. Its public-promoter share structure stands at 51:49 ratio. HBL had earned net profit of Rs 1.91 arba in the fourth quarter of the fiscal year 2072/73.