Nepal Investment Bank lists 49.34 lakh units shares of Ace Development Bank

Nepal Investment Bank Limited (NIB) has listed 49,34,663.6 units shares belonging to the shareholders of Ace Development Bank Limited. Now, previous shareholders of Ace Development Bank can freely trade their shares in the name of Nepal Investment Bank after the shares are deposited in their demat accounts. NIB had acquired Ace Development in share swap ratio of 100:41. Shareholders having 100 shares of Ace Development Bank will be given 41 shares of Nepal Investment Bank. Their joint operation had started from Asadh 29, 2074. Nepal Investment Bank has earned net profit of Rs 2.37 arba until the end of third quarter of FY 2073/74. Its paid up capital after acquisition of Ace Development Bank will reach Rs 9.24 arba.