Sahayogi Bikas Bank Postpones AGM

Mar 22, 2020 11:13 AM Merolagani

Sahayogi Bikas Bank (SBBLJ)has postponed its 16th AGM scheduled for March 23 due to the government’s order to avoid crowding above 25 persons until further notice.

The meeting was supposed to will endorse a proposal of distributing 18.7215 percent cash dividend worth Rs 95.4 million to its shareholders.

Moreover, the meeting will endorse various proposals regarding acquisition of the bank by Citizens International Bank. The meeting will also approve a swap ratio of 100:91.75 for the acquisition.

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