Kathmandu. Pakistan’s Habib Bank is going to exit Himalayan Bank. Habib Bank is going to exit after selling its founder shares in Himalayan Bank.
In a notification issued on Friday, 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.
The minimum price of the shares of the bank has been fixed at Rs 112.80 per share. Based on this price, Habib Bank is going to exit by selling shares worth Rs 3.15 billion.
The founder shareholders who wish to buy the shares can bid for the minimum price or more while applying for the purchase of shares. Interested shareholders can apply to the Law Department located at the Bank’s Heritage Plaza in Kamaladi, Kathmandu within 35 days from the date of publication of this notice.
The bank has said that if there is no application for the purchase of shares from the founding shareholders within the stipulated period, then the sale of shares will be opened to other individuals and organizations.
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