Muktinath Bikas to acquire Civic development bank; Swap Ratio to be 1:0.82

ShareSansar, June 5:

Muktinath Bikas Bank Limited (MNBBL) is going to conduct its Special General Meeting on Ashad 6, 2072 and has also announced the book closure for the same which is from Jestha 21 to Ashad 6.

The special general meeting will be held at Hotel Pokhara Grand Pardi, Birauta, Pokhara. The meeting will start at 9 AM.

The BOD has made a proposal about acquiring of Civic Development Bank and the meeting will be endorsing it.  

The meeting will also be approving the decision of BOD to maintain a share swap ratio of 1:0.82, that has been fixed being based on the due diligence audit (DDA) of Civic Development Bank Limited.

Civic Development Bank’s shares have been barred from being traded in Nepse form Falgun 29, 2071.