Nabil Investment Banking to Acquire Nepal Bangladesh Capital; Both Companies Call SGM on 18th Mangsir to Endorse Share Swap Ratio
Mon, Nov 21, 2022 11:05 AM on Latest, AGM/Special AGM, Merger/Acquistion,
Nabil Investment Banking Limited (NABILINV) and Nepal Bangladesh Capital Limited (NBCL) has called its SGM on 18th Mangsir, 2079 respectively. The meeting of both companies will be held in its own respective head offices, NABILINV's located at Naxal and NBCL's located at Teendhara, Kathmandu, starting from 10 am that day.
Both the SGM will pass a resolution regarding evaluating Due Diligence Audit and endorse share swap ratio of 1: 0.27 for the acquisition between Nabil Investment Banking and Nepal Bangladesh Capital Limited. The meeting will also pass an agenda to approve all the tasks related to acquisition such as appointment of Associates, Chartered Accountants and the remuneration to be paid to them.
Furthermore, this SGM will endorse providing full authority to the board of directors to amend various acquisition-related proceedings accordingly if any instructions are received from the regulatory bodies.
