Tourism Dev Bank SGM approved 1:1 right share; to acquire Kalinchowk & Matribhumi Bikas Bank

Tourism Development Bank Limited (TDBL) has successfully conducted its Special General Meeting (SGM) on Bhadra 15, 2073 (yesterday). The Special General Meeting has approved the acquisition of Kalinchowk Development Bank Limited (KCDBL) and Matribhumi Bikas Bank Limited (MTBL) by Tourism Development Bank Limited. Also, the SGM has approved to issue 1:1 right share after the acquisition process. Tourism Development Bank has earned net profit of Rs 19.32 crore in the fourth quarter of the last fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at 78.69 crore and after the issuance of 100% right share the paid up capital will rise to Rs 1.57 arba.