On Ashad 5, Nabil Bank will have a special AGM to finalize the acquisition of United Finance

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The Special General Meeting (SGM) of Nabil Bank Limited has been scheduled for Ashad 5, 2078 BS [June 19, 2021]. After 11 a.m., the meeting will be held virtually at the bankโ€™s headquarters in Durbarmarg, Kathmandu.

The SGMโ€™s first priority is to complete the acquisition of United Finance Limited. The meeting will give the transaction its final approval. The 1:0.35 share swap ratio will also be approved at the meeting.

The bank has proposed that the authority be delegated to the bankโ€™s board of directors for future merger/acquisition decisions.

The bank has set the book closing date for the Special General Meeting on Jestha 28, 2078 BS.