NMB Bank to acquire Kanchan Development Bank
By Our Reporter
The special general assembly of the NMB Bank held on 5 July has decided to acquire the Kanchan Development Bank.
As per the report submitted by the valuator, the shareholders of the Kanchan Bank will get 100:85 shares of the NMB Bank i.e. the Kanchan Bank’s shareholders will get 85 shares of the NMB Bank against 100 shares of the Kanchan Bank.
After acquiring the Kanchan Bank, the paid up capital of the NMB Bank will reach 14 billion 450 million rupees, whereas the Bank reserve will incline to 7 billion 50 million rupees.
People’s Review Print Edition
Login to add a comment