Machhapuchchhre Bank becomes 21st to dematerialize its shares

ShareSansar, September 3:

Machhapuchchhre Bank Ltd has become the 21st bank to become the member of the CDS and Clearing Ltd (CDSCL).

According to a statement, the bank and the CDSCL have signed an agreement on Monday to dematerialize a total of 82, 87, 040 units of ordinary shares and 1,64,94, 777 units of promoter shares which has a facevalue of Rs 100.

The CDSCL also provided International Securities Number (ISIN) to the bank. The ISIN for the ordinary shares of the bank is NPE024A00007 and NPE024A40003 for the promoter shares.
 
Machhapuchchhre Bank is the 21st bank to become the member of the CDSCL. Bank’s CEO Tulasi Ram Gautam and CDSCL’s CEO Subodh Sharma Sigdel signed an agreement amid a ceremony held on Monday.