Kabeli Bikas Bank and Mount Makalu Development Bank merger finally complete; to start joint transaction from Jestha 27
Sun, Jun 3, 2018 1:52 AM on Stock Market, Featured,
Kabeli Bikas Bank Limited (KEBL) and Mount Makalu Development Bank Limited (MMDBL) are all set to start their joint transaction in the name of Kabeli Bikas Bank Limited from Jestha 27, 2075.
The acquisition of the development bank by Kabeli Bikas Bank had received final approval from Nepal Rastra Bank on Baisakh 31, 2075.
For this the development banks will be interrupting many of its services like Extended Banking Services on Jestha 25, 2075.
The merger has been finalized at Rs. 100 per share of Kabeli Bikas Bank and Rs.88 per share for Mount Makalu Development Bank.
