Himalayan Bank Limited has approved a plan to convert 10 percent of its promoter shares into public shares, aligning with regulatory directives issued by Nepal Rastra Bank.

The decision was taken during the bank’s 493rd Board of Directors meeting held on Chaitra 15, 2082. According to the bank, the conversion will be carried out based on its existing paid-up capital and in accordance with prevailing regulatory provisions.

The bank stated that it will initiate the necessary procedural steps in the coming days. The conversion process will be subject to approval from relevant regulatory authorities, after which the promoter shares will be reclassified as ordinary shares available to the public.

The move is expected to broaden the bank’s ownership base by increasing public participation, while also ensuring compliance with the central bank’s requirement regarding promoter-public shareholding structure.

Market participants view such conversions as a positive step toward improving liquidity and enhancing transparency in the banking sector, as a higher proportion of public shares can lead to increased trading activity in the secondary market.