November 3: Himalayan Capital Limited, a wholly owned subsidiary of Himalayan Bank, has formally commenced its operations from November 1. Manoj Bahadur Shrestha, chairman of the Board of Directors of Himalayan Bank Limited, inaugurated the organization amid a recent function and formally announced the commencement of business operations.

According to a statement issued by the company, Himalayan Capital Limited has been established with a paid-up capital of Rs 200 million and strives to provide the best merchant banking and investment banking services to its customers. Himalayan Capital Limited obtained its operating license from Securities Board of Nepal on August 11, 2019.

Himalayan Capital Limited will provide a variety of Merchant Banking Services to its customers namely Issue Management, Share Registrar, Securities Underwriting, Portfolio Management, Corporate Advisory and DEMAT/ DP Services. Speaking at the ceremony, Chairman 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 service to its valued customers.