Swap Ratio for Nepal Investment Bank and Jebils Finance Limited merger set at 100:33; NEPSE publishes a notice
Mon, May 27, 2019 1:52 PM on Latest, Others, Stock Market,
Nepal Stock Exchange Limited (NEPSE) has published a notice regarding the swap ratio determined for the process of merger between Jebils Finance Limited (JEFL) and Nepal Investment Bank Limited (NIB).
As per the recommendations from the merger committee, the 194th BOD meeting of JEFL held on 12th Jestha, 2076, the sap ratio for the process of merger has been determined at 100:33 i.e. 100 shares of JEFL will be converted to 33 shares of NIB for the process of merger.
NIB currently has 78 branches, 9 revenue collection extension counters, 49 branchless banking units, 111 ATM outlets and 3,665 POS machines throughout the nation. Whereas, JEFL has only one branch in its network.
