Nepal Share Markets and Finance publishes notice seeking merger or acquisition

Nepal Share Markets and Finance Limited has published a notice stating that the company is open for merger and acquisitions. NRB licensed Banks and Financial Institutions can can come with a proposal within 35 days of the notice published. As per the direction provided by NRB, the Issue and Paid up capital of the bank has decreased to Rs 2,33,32,834 from Rs 2,03,42,88,000. Nepal Rastra Bank (NRB) had taken over the management of Nepal Share Markets and Finance Ltd (NSMF), suspending the company’s board, which has failed to rescue the crisis-ridden finance company.