Nepal Grameen Bikas Bank starts distributing new share certificates from today

Company Registrar Office on Sharawan 14, 2071 gave final approval to Biratnagar based Purbanchal Grameen Bikas Bank, Janakpur based Madhaymanchal Grammen Bikas Bank, Butwal based Paschimanchal Grameen Bikas Bank, Nepalgunj based Madhyapaschimanchal Grameen Bikas Bank and Dhangadi based Sudurpaschimanchal Grameen Bikas Bank to get merged with each other and form D class national level Nepal Grameen Bikas Bank. Publishing a notice today, Nepal Grameen Bikas Bank has requested the promoter shareholders and public shareholders to collect the respective new share certificates of Nepal Grameen Bikas Bank from Kartik 30, 2072 (today) from company’s share registrar Growmore Merchant Banker Limited, DurbarMarg Kathmandu and old share certificates of the five grameen bikas bank has been cancelled. The shareholders are also requested to submit original old share certificates of the merged companies at Growmore Merchant banker Limited while coming to collect new share certificate of Nepal Grameen Bikas Bank. Dharma Raj Pandey, CEO of Nepal Grameen Bikas Bank said, “Nepal Grameen Bikas Bank has already received approval from SEBON and as soon as 50% of new share certificates will be distributed to its shareholders, the company will be applying for approval at NEPSE to start the trading.”