Another acquisition deal sealed! Mega Bank and Gandaki Development Bank convene respective SGMs to acquire class B Bank in swap ratio 1:1

Mega Bank has convened its Special General Meeting on Jestha 21, 2077 under the leadership of bank’s chairman Mr. Bhoj Bahadur Shah. The SGM has endorsed the decision to acquire then Gandaki Development Bank in a share swap ratio of 1:1.

After the acquisition, the bank will have paid up value of Rs 13.13 arba, deposit collection figure of more than Rs 125 arba, credit disbursement of Rs 109 arba, 206 branch network, 30 extension counters, 142 ATM booths, 11 lakh customer base.

Similarly, Gandaki Development Bank has also convened its SGM on the same day under the leadership of its chairman Mr. Sushil Gauchan which has provided a nod for it to be acquired by Mega Bank in a proposed share swap ratio, as per the media statement.