Sebon approves to issue 7:1 (64.27 lakh units) Right Share of Himalayan Bank

Securities Board of Nepal (SEBON) has given final approval to issue 7:1 (14.28%) right shares of Himalayan Bank Limited (HBL). Laxmi Capital Markets Limited has been assigned as the issue manager for right share issue. Himalayan Bank 23^rd AGM held on Poush 8, 2072 had endorsed 7:1 (14.28%) right share i.e. 6,427,350 units to its existing shareholders. HBL has earned net profit of Rs 1.91 arba in the fourth quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 4.49 arba. After issuance of 14.28 percent right share, its paid up capital will reach to Rs 5.11 arba. Its last traded price stood at Rs 1,570 as on September 29, 2016.