The International Finance Investment and Commerce Bank Limited (IFIC Bank Limited) has decided to sell its entire ownership of Nepal Bangladesh Bank.

The bank has published a notice unveiling that its entire stake will be sold to Sarika Chaudhary, wife of Binod Chaudhary, for Rs. 6,187,007,568.

The decision is subject to the approval of Nepal Rastra Bank and other regulatory authorities.

Previously Covered on the Topic:

The Kathmandu District Court had previously ordered to stop the process of buying 41 percent shares of Nepal Bangladesh Bank owned by IFIC Bank for the time being.

Nepal Bangladesh Bank Limited is a joint venture commercial bank between IFIC…


Read full article at ShareSansar.com


Leave a Reply

Your email address will not be published.


You May Also Like

Budget positive but challenging for implementation: NCC – |

Nepal Chamber of Commerce (NCC) has observed that the budget government brought…

NAV of Mega Mutual Fund 1 Stands Below Par Value in the Month of Baisakh – |

The NAV report of “Mega Mutual Fund 1 (MMF1)” has been unveiled…

Too Many Bad News in Single Day: NEPSE Loses 2.17% and Closes at 2,661.44 – |

The NEPSE index closed at 2,661.44 today after losing 58.99 points from…

SEBON Approves 5 More Institutional Investors to Participate in IPOs Via Book-Building Process – |

Securities Exchange Board of Nepal (SEBON) has chosen five more institutions to…

Last Day to Apply for IPO of Emerging Nepal Limited – |

Emerging Nepal Limited is closing its IPO issue today. Investors have till…