Kathmandu. Himalayan Bank has started the process of issuing FPO. The bank has filed an application with the Securities Board of Nepal seeking permission to issue the FPO.
Himalayan Bank will issue an FPO worth Rs 1.56 billion if approved by the Securities Board. Accordingly, the bank will open the FPO sale at Rs 169 per share by adding a premium of Rs 69 to the face value of Rs 100.
The bank has sought permission from the Securities Board of Nepal to bring a total of 9,250,469 units of FPO.
Citizen Capital is the fpo sales manager of Himalayan Bank.
