The meeting is scheduled to endorse a proposal of distributing 2.4 percent bonus and 7.9145 percent cash dividend to its shareholders. The meeting will also endorse a proposal of being acquired by Jyoti Bikas Bank.
Moreover, the meeting will also endorse a swap ratio of 1:1 as per DDA report and delegate authority to its BOD to forward necessary procedure for the proposed acquisition.
Apart from these proposals, the meeting will also approve the financial report of the last FY, amend its article of association to increase its authorized, issued and paid-up capital and appoint an auditor for the current FY.
Nepal Rastra Bank (NRB) provided final approval to Jyoti Bikas Bank (JBBL) to acquire Hamro Bikas Bank on August 28.
Jyoti Bikas and Hamro Bikas signed the agreement of acquisition on July 15.
