Fri, Apr 19, 2024
Nepal Investment Bank (NIB) is set to acquire Jebil's Finance (JEFL). The financial institutions signed an agreement regarding the matter on March 10. Following the agreement, the stock trading of Jebil's Finance has been suspended in NEPSE.
As per a source, the swap ratio for the acquisition will be decided after DDA report. Nepal Investment Bank and Jebil's Finance have a paid-up capital of Rs 12.58 billion and 838 million respectively.
Nepal Reinsurance Comapny (NRIC) has announced dividend of the last FY.
