Swap ratio for companies being acquired by Kumari Bank fixed at 100:85

Kumari Bank Limited had signed a MOU to acquire three development banks and one finance company on Asoj 18, 2073. KBL is acquiring Kasthamandap Development Bank, Mahakali Bikas Bank, Kakrebihar Bikas Bank and Paschimanchal Finance Company. The DDA report has fixed the share swap ratio for the acquisition. As per the DDA report, KBL is acquiring all four BFIs in a swap ratio of 100:85. As per the bank, the acquisition of these four BFIs will add Rs 1.64 arba to its paid up capital. Kumari Bank Limited has proposed 21% bonus share for the FY 2072/73 and a further 50% right shares. After the issuance of the proposed bonus and right shares, and the acquisition, the total paid up capital of the bank will reach Rs 6.54 arba.