Three development bank sign merger & acquisitions agreement. Nepal Community development bank, Tinau development Bank and mission development. Tinau & mission development bank had already sing merger agreement.
Now Nepal Community development also ready to go for acquisition & signed agreement with Tinau & mission development bank. As trading of community development has been suspended till finalization of merger & acquisitions.
Joint transaction will be in the name of Tinau Misssion development Bank.
Currently, paid up capital of mission development stands at Rs.57.64 crore, Tinau Rs.56.77 crore and Nepal community Rs.53.16.
