Kathmandu. Himalayan Bank has got permission to issue FPO. The Securities Board of Nepal (SEBI) has given permission to Himalayan Bank to bring fpo on July 15.
With the approval of the Securities Board, Himalayan Bank will now issue an FPO worth Rs 1.56 billion. Accordingly, the bank will open the FPO sale at Rs 157 per share by adding a premium of Rs 57 to the face value of Rs 100.
Earlier, Himalayan Bank had sought permission to issue an FPO of Rs 169 by adding a premium of Rs 69 to the face value of Rs 100 while applying to the Securities Board. However, the securities board has allowed the fpo to be issued by reducing the premium by Rs 12.
Himalayan Bank will issue a total of 9,250,469 units of FPO. Citizens Capital is the fpo sales manager of the bank.
