Metro Dev. Bank postpone its 6th AGM to change promoter to public shareholding ratio to 51:49

Metro Development Bank has decided to postpone its 6th Annual General Meeting (AGM) until further notice. As per the notice published today, The 111st BOD meeting held on Mangsir 16 has decided to postpone the AGM of the company. Previously the company had published notice to convene its AGM on Mangsir 26, 2072. The shareholder have to wait until the other notice published by the bank. The current structure of the bank is 70: 30 promoter-public shareholder ratio. The bank should change the share structure at 51:49 as directed by the Nepal Rstra Bank. After the approval from the NRB, the bank can conduct its AGM.