Grand Bank shareholders okay acquisition by Prabhu
Fri, Jul 24, 2015 12:00 AM on Others,
KATHMANDU, July 23:
The special Annual General Meeting (AGM) of Grand Bank Limited held on Thursday has approved acquisition of the bank by Prabhu Bank Limited. The meeting also approved the share swap ratio of both the banks.
The Share Swap Ratio of Grand Bank has been fixed at Rs 65.58 per share and that of Prabhu Bank Limited at Rs 121.45 per share, according to a statement issued on Thursday.
Source: Republica
