NIBL Ace Capital convenes 10th AGM; endorses 20% cash dividend and authorizes Board to carry out any future merger/acquisition works

NIBL Ace Capital convened its 10th AGM on Kartik 18, 2079 under the leadership of its chairman Mr. Sachin Tibrewal.

Apart from endorsing other financial reports for the fiscal year 2078-79, the AGM has also endorsed the decision to provide a 20% cash dividend to its shareholder's worth Rs 5.40 crore. Likewise, the AGM has also authorized the board of the company to undertake any merger / acquisition-related jobs in future as the parent bank Nepal Investment Bank recently signed a MoU of merger with Mega Bank, as per the media statement. the AGM has also decided to increase the allowances of the board members.