Prime Bank to acquire Kankai Bikas Bank; officials to meet at PCBL head office today
Wed, Jun 5, 2019 2:30 PM on External Media, Latest, Stock Market,
Prime Commercial Bank Limited (PCBL) has agreed to acquire Kankai Bikas Bank Limited (KNBL). The officials of both the institutions have decided to meet on 22nd Jestha, 2076 i.e. today at 3 PM and sign the acquisition related Memorandum of Understanding (MoU) at the head office of PCBL at Kamalpokhari.
The swap ratio for the process of acquisition is rumored to be at 71%. Currently, the paid up capital of PSBL is Rs.8.03 Arba and that of KNBL is Rs.51.50 Crore.
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