Himalayan Life Dividend Decision: No Dividend Distribution Announced
12th January 2026, Kathmandu
Himalayan Bank Limited has officially announced the commencement of a promoter share sale involving a total of 73,069.66 units. These shares are currently owned by six existing promoter shareholders who have decided to divest their holdings. This process is being conducted in strict accordance with the prevailing banking regulations and the Company Act of Nepal. The announcement serves as a critical notice for existing shareholders and provides insight into the shifting ownership dynamics within one of the country’s most established commercial banks.
Himalayan Life Dividend Decision
The breakdown of the shares offered for sale reveals a diverse group of individual sellers. Jeet Kumar Shrestha has placed the largest portion of shares on the market with 20,482.08 units available for purchase. He is closely followed by Mahendra Nath Karmacharya who is selling 20,297 units. Another significant block of shares comes from Ghanaman Bajracharya who has offered 19,492.13 units. The remaining shares are being sold by Tulsi Ram Nepal who has listed 7,409.56 units, Hari Prasad Prasai with 5,288.89 units, and Jayant Kumar Agrawal who is selling a smaller portion of 100 units. Together, these individual offerings make up the cumulative total of over seventy-three thousand promoter shares currently up for acquisition.
According to the regulatory framework established by the Nepal Rastra Bank and the Banks and Financial Institutions Act, the first right of purchase is reserved exclusively for the existing promoter shareholders of Himalayan Bank. This priority system is a mandatory requirement designed to maintain the stability of the bank’s founding ownership structure. It ensures that the core control of the institution remains with individuals or entities who are already familiar with the bank’s long-term strategic goals and corporate culture. Only those investors who are currently registered as promoters are eligible to apply during this initial phase of the sale.
The bank has explicitly clarified that this internal offering is a standard procedure meant to protect institutional integrity. The existing promoters have been given a window of 35 days from the date of the official notice to submit their purchase applications. During this period, they must declare the number of shares they wish to acquire and the price they are willing to pay per share. If the existing promoter group does not show sufficient interest or if a portion of the shares remains unsubscribed after this period, the bank will then initiate the process to open the sale to the general public or other qualified external investors.
The application submission process requires interested and eligible promoter shareholders to visit the legal department of Himalayan Bank Limited located in Kamaladi, Kathmandu. Applicants must ensure that all necessary documentation is complete and accurate to avoid any delays or rejections. The bank has urged all potential buyers within the promoter group to act within the stipulated timeframe because late submissions will not be considered under any circumstances. This rigorous adherence to deadlines ensures that the equity transfer process remains transparent and efficient.
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For the broader investment community, the possibility of a public sale is a topic of significant interest. While the primary opportunity belongs to the current promoters, the failure of internal subscription would lead to a secondary offering. This would allow individual and institutional investors from the general public to bid for these promoter shares. Such an event would provide an entry point for new investors to gain a significant stake in a major commercial bank, albeit with the specific regulatory restrictions that often accompany promoter group shares in Nepal.
Himalayan Bank Limited occupies a prominent position in the financial landscape of Nepal. As a Class A commercial bank, it offers an extensive range of services including retail and corporate banking, trade finance, and digital payment solutions. Its recent merger activities and strategic shifts have made it a focal point for market analysts. The current sale of promoter shares is viewed as a routine administrative and shareholder-level adjustment. It does not reflect any change in the operational performance or the overall financial stability of the institution. Instead, it signifies the natural lifecycle of private equity within a large corporate entity where individual shareholders may seek liquidity for personal or strategic reasons.
Promoter share transactions are vital components of corporate governance in the banking sector. They influence the long-term strategic direction and the concentration of voting power within the board. By following a structured and regulation-compliant process, Himalayan Bank is ensuring that its ownership transition is handled with the highest level of professional standards. Investors and stakeholders are encouraged to monitor the outcome of this 35-day window to see if the ownership remains consolidated within the existing group or if the bank moves toward a more diverse public ownership model for these specific units.
This share sale occurs at a time when the Nepali banking sector is experiencing various shifts in capital requirements and regulatory oversight. The transparency provided by Himalayan Bank in this announcement is essential for maintaining investor confidence. As the deadline approaches, the bank will provide further updates on whether the shares were successfully absorbed by the existing promoters or if the invitation will be extended to the general public.
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