DDA report has set the swap ratio of NCC Bank : Infrastructure Development : International Development : Supreme Development : Apex Development at 100 : 76 : 72 : 75 : 47. Therefore, for every 100 units of shares to shareholders of NCC bank, shareholders of Infrastructure Development will receive 76 units, International Development will receive 72 units, Supreme Development will receive 75 and Apex Development will receive 47 units of shares. The merger has spread the paid up capital of NCC bank to Rs 5.66 arab.
The bank plans to either issue right shares or go for acquisition along with distribution of bonus share to meet the targeted capital of Rs 8 arab. Mr. Rameshraj Aryal, CEO of NCC bank, says the bank aims to be among the top 5 commercial banks in Nepal.
