Kathmandu. Pakistan’s Habib Bank is going to exit Himalayan Bank. Habib Bank is going to exit by selling its founder’s stake in Himalayan Bank.
Issuing a notice today, Himalayan Bank has put on sale 28 million 12 thousand 447.45 units of shares owned by Habib Bank for the founding shareholders of the bank. Habib Bank owns about 13 percent stake in Himalayan Bank.
The minimum price of the shares has been fixed at Rs 112.80 per share. This means interested founding shareholders can bid a minimum price or more when applying for a share purchase.
The founder shareholders will have to apply for the purchase of shares within 35 days from the date of publication of this notice. The application can be submitted to the Law Department located at the Bank’s Heritage Plaza in Kamaladi, Kathmandu.
If there is no application for purchase of shares from the founding shareholders within the stipulated period, the sale of shares will be opened to other individuals and organizations.
