Century Commercial Bank lists 65.56 lakh units shares after acquisition of Innovative and Araniko Dev Bank

Century Commercial Bank Limited (CCBL), after acquiring Innovative Development Bank Limited and Araniko Development Bank Limited, had started joint operation of trio companies from Jestha 28, 2074. CCBL has now listed a total of 65,56,640 units shares of CCBL as per the share swap ratio. Now, shareholders of Innovative and Araniko Development Bank can trade their shares as CCBL shares after they are deposited in their respective demat accounts within 7 days. Shareholders having 100 shares of Innovative Development Bank are given 85 shares of CCBL, while shareholders having 100 shares of Araniko Development Bank are given 90 shares of CCBL. Century Commercial Bank has earned net profit of Rs 31.09 crore till the end of third quarter of the FY 2073/74. It has endorsed 40% right share issuance after acquisition of Araniko and Innovative Development Bank Limited. CCBL is also acquiring Seti Finance, Alpine Development Bank and Sagarmatha Finance.