Kathmandu, 1 January: Nepal Rastra Bank has granted final approval for the merger of the Nepal Investment Bank Ltd and Mega Bank Ltd.
The central bank has approved the 100: 90 share swap ratio between NIBL and Mega Bank respectively. INBL’s shareholders will get Mega Bank’s share at 90 rupees per unit of share. After approval from the Company Registrar’s Office, the integrated operation will be started.
People’s News Monitoring Service
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