Nabil Bank to acquire United Finance; How much is swap ratio?

Apr 30, 2021 04:08 PM Merolagani

Nabil Bank (NABIL) is set to acquire United Finance. Both institutions sign a memorandum of understanding regarding the acquisition on Friday, April 30.

The institutions sign MoU in a program organized in the premises of Nabil Bank.

The agreement was signed by Uday Krishna Upadhya, conveyor of merger committee of Nabil Bank and Manish Khemka, member of merger committee of United Finance.

As per the agreement, Nabil Bank will acquiring United Finance with a swap ratio of 35:100.

 

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