Himalayan Capital Limited, a wholly owned subsidiary of Himalayan Bank, has formally commenced its operations from November 1. At the official program, Manoj Bahadur Shrestha, Chairman of the Board of Directors, Himalayan Bank Limited, inaugurated and formally announced the commencement of business operations. Himalayan Capital Limited has been established with a paid-up capital of Rs 20 crores and strives to provide the best merchant banking and investment banking services to its customers. Himalayan Capital Limited obtained its operating licence from Securities Board of Nepal on August 11. Himalayan Capital Limited will be providing a variety of Merchant Banking Services to its customers namely Issue Management, Share Registar, Securities Underwriting, Portfolio Management, Corporate Advisory and DEMAT/DP Services.
The inauguration ceremony was presided over by the BODs of Himalayan Bank Limited, Ashoke SJB Rana – CEO of Himalayan Bank Limited, BODs of Himalayan Capital Limited, General Managers and Senior Executive Team of Himalayan Bank Limited, officials from Himalayan Capital Limited, representatives from regulatory authorities, various organisations and members of the press.
Speaking at the ceremony, Shrestha applauded the major transformative changes observed in the scope and depth of the Nepali capital markets and ensured that the spirit of the movement would be carried forward by the capital focusing on providing the highest quality services to its valued customers.
Sushiel Joshi, Chairman of the boards of directors of Himalayan Capital Limited and General Manager of Himalayan Bank Limited elaborated on the capital’s commitment to provide state of the art merchant banking solutions to its customers and aid in the holistic development of capital markets and the economy. Further, with due approval from Regulatory authorities, the merchant bank also plans to manage various funds including Himalayan Mutual Fund for its parent company, Himalayan Bank Limited. Similarly, Parmeshwar Pant, CEO of Himalayan Capital Limited, reaffirmed the organisation’s commitment towards ensuring customer satisfaction and positive contribution towards the capital markets.