Global IME Bank provides final nod to acquire Hathaway Finance; SGM endorses to welcome finance company with 100 : 42 share swap ratio

Global IME Bank has successfully convened its SGM on Shrawan 14, 2076 endorsing the decision to acquire Hathaway Finance Limited. The SGM has approved the Due Diligence Audit (DDA) analysis to fix the share swap ratio between the bank and the finance company as 100 : 42 shares.

Following the acquisition process, the paid up capital of the bank will scale up to Rs 10.43 arba, 141 branches, deposit figure of more than Rs 125 arba, loan disbursement of Rs 114 arba. The bank has also signed a merger agreement with Janata Bank.