Citizens Bank Calls Out SGM to Endorse Acquisition of Tinau Mission

Jan 07, 2021 04:18 PM Merolagani



Citizens Bank International (CZBIL) has called out a special general meeting (SGM) on January 28 in its head office in Narayanhiti Path, Durbarmarg at 11:00 AM through a webinar.

The meeting will endorse a proposal of acquiring Tinau Mission Development Bank with a swap ratio of 100:96.

Moreover, the meeting will approve proposals of increasing authorized capital to Rs 15 billion and amend its article of association as per the changes in paid-up capital after the acquisition.

In this regard, the bank will close its book on January 15, thus, the shareholders registered in its book till January 14 will be eligible to attend the SGM.




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