Investment Bank Acquires Jebils Finance; Paid-up Reaches 12.87 Bn

Jun 21, 2019 03:09 PM Merolagani

The special general meeting (SGM) of Nepal Investment Bank (NIB) has endorsed a proposal of acquiring Jebils Finance on June 21. The bank endorsed a proposal to acquire the company on a swap ratio of 100:33.

Currently, Nepal Investment has a paid-up capital of Rs 12.59 billion while Jebils Finance has paid-up capital of Rs 840 million. After the acquisition, the paid-up capital of Nepal Investment will reach Rs 12.87 billion.

The promoter and ordinary share ratio of Nepal Investment has remained unchanged at 69:31 after the acquisition. The bank has a total deposit of Rs 147 billion and a total loan of Rs 132 billion. The management of the bank has also remained the same after the acquisition.


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