On May 22, 2022, two large Nepali banks, Nabil Bank Limited and Nepal Bangladesh Bank, issued a press release regarding the commencement of joint operation after the acquisition of the latter by the former.
A special general meeting of Nepal Bangladesh Bank and Nabil Bank Limited was convened yesterday, and a special resolution was passed respecting the Bangladesh bank’s takeover by Nabil Bank Limited. The acquisition swap ratio was approved by the extraordinary general meeting at 100:43. This means that stockholders who possess 100 Nepal Bangladesh Bank shares will receive 43 Nabil Bank shares (the company after acquisition).
The general meeting also appointed T.R Updhyaya & Co, Chartered Accountant, as the…
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