Janata Bank to propose 60% right share after the merger with Triveni Bikas Bank

Jan 22, 2017 merolagani



The Central bank, Nepal Rastra Bank (NRB), directed all the commercial banks to increase their paid up capital to at least Rs 8 arab by the end of fiscal year 2073/74. To align with the directive, Janata Bank Nepal Limited (JBNL) has proposed 60% right share to its shareholders after the merger with Triveni Bikas Bank Limited (TBBL).  

Triveni Bikas Bank has called its Annual General Meeting (AGM) on 1st Falgun, 2073 at Chitwan, to give final approval for the merger with Janata Bank and also to endorse 60% right share after the merger.

Since the paid up capital will still shortfall by Rs 3 arab even after the merger, the bank will issue 60% right share to its shareholders. JBNL had recently issued 50% right shares to increase its paid up capital.

After the merger with Triveni Bank at a share swap ratio of 1:1, the paid up capital of the merged bank will be Rs 4.90 arab.

 




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