Prime Commercial Bank convenes its 12th AGM; clears way for 16% bonus shares and endorses acquisition of Kailash Bikas Bank with 100;94 swap ratio
Sat, Jan 11, 2020 10:19 PM on AGM/Special AGM, Latest,
Prime Commercial Bank has convened its 12th AGM under the leadership of bank’s chairman. Endorsing all the financial reports, the AGM has also endorsed the proposal to provide 16% bonus shares to the shareholders.
The AGM has provided green signal to acquire Kailash Bikas Bank in the share swap ratio of 100: 94. Following the acquisition, the bank’s network will grow massively to 199 branches, as per the media statement.
