Shine Resunga, Bhargav and Purnima Bikas Banks announces SGM for Ashad 27; Each SGM to greenlight the acquisition

Today three development banks - Shine Resunga Development Bank (SHINE), Bhargav Bikas Bank (BHBL) and Purnima Bikas Bank (PURBL) - have published notice for Special General Meeting (SGM). The SGM will be held to approve the acquisition of BHBL and PURBL by SHINE.

SHINE's SGM will be held on Ashad 27th, 2076 from 11 AM onwards in the premises of Asian Village Resort, Ittabhatti, Butwal, Rupandehi. The meeting will assess the Due Diligence Audit (DDA) Report to be presented by RKS and Associates and will provide the final approval for acquisition after determining the swap ratio for both the companies. Announcement.

Similalry, BHBL's SGM will be held on Ashad 27th, 2076 from 11 AM onwards at the premises of Hotel Siddhartha View, Nepaljung, Banke. The meeting will be providing approval to the swap ratio determined from DDA report and will be providing the final green flag to the acquisition. Announcement 

Likewise, PURBL's SGM will be held on 27th Ashad, 2076 from 11 AM onwards at the premises of Hotel Pauwa, Siddharthanagar, Rupandehi. The meeting will be providing approval to the swap ratio with SHINE determined from DDA report and will be providing the final green flag to the acquisition. Announcement

After the completion of acquisition process, SHINE will be established as a national level development bank.