Tinau Mission and Nepal Community Development Bank to convene SGM on Ashwin 07, 2076; Swap ratio for acquisition at 1:1
Sun, Sep 8, 2019 11:28 AM on AGM/Special AGM, Latest,
Tinau Mission Development Bank (TMDBL) has published a notice today calling its shareholders for a Special General Meeting (SGM). The SGM will be convened on Ashwin 07, 2076 (September 24, 2019) at Siddhartha Cottage and Restaurant, Butwal-09 from 9 AM onwards.
The main agenda of the SGM is to discuss and approve the report to be presented by Board on acquisition of Nepal Community Development Bank (NCDB). Similarly, the meeting will also discuss and approve the swap ratio of 1:1 determined by the Due Diligence Audit report and other related provisions.
After the acquisition, the bank's issued capital and paid-up capital will be Rs 1 arba 67 crore 58 lakh 27 thousand 25.76. So the SGM will also focus on making necessary changes in AOA.
Similarly, Nepal Community Development Bank (NCDB) has also published a notice today calling for SGM to be held on Ashwin 07, 2076 (September 24, 2019) at Dreamland Gold Resorts, Tilotama-05, Manigram-Rupandehi from 9 AM onwards.
Their main agenda is also focused on their acquisition of TMDBL and the approval of the 1:1 swap ratio.
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