Ace Capital SGM approves merger with NIBL Capital; SGM conducted sucessfully

Ace Capital Limited has successfully conducted its Special General Meeting (SGM) today at the Narayanchaur branch of Nepal Investment Bank Limited. This SGM has authorized the two merchant bankers i.e. NIBL Capital Markets Limited and Ace Capital to undergo the merger process; marking the first such occasion in the banking history of Nepal. The AGM has authorized the company board to take all the necessary for merger of Ace Capital with NIBL Capital, the subsidiary company of Nepal Investment Bank Limited.