Kabeli Bikas Bank and Mount Makalu Development Bank start joint transaction from today
Sun, Jun 10, 2018 5:59 AM on Latest, Stock Market,
Kabeli Bikas Bank Limited (KEBL)and Mount Makalu Development Bank have started their joint transachtion from today (Jestha 27, 2075) in the name of Kabeli Bikas Bank Limited.
Nepal Rastra Bank had provided its final approval to the acquisition process on Baisakh 31, 2075 while the decision of the acquisition was made on Poush 10, 2074.
The swap ratio between Kabeli Bikas Bank and Mount Makalu Development Bank was set at 100:88.
Kabeli Bikas Bank will hold all the assets and liabilities of Mount Makalu Development Bank. The paid up capital of Kabeli Bikas Bank was Rs 11.47 crore before acquisition and the paid up capital of Mount makalu Development Bank was Rs 10.21 crore.
