An agreement was reached on the purchase of shares in Kartik 7 of last year. As per the agreement, IFIC had pledged to buy some shares at Rs 260 per unit and others at Rs 275 per share.
IFIC’s move is aimed at increasing its stake in Nepal Bangladesh Bank to 51%. As it already owns 9.18% stake in NB Bank, IFIC decided to buy total 41 percent of promoter shares, which includes 26% held by NB Group and associates and 15% owned by Bank Asia.
IFIC will send the remaining amount of Rs 65 crore in two installments by next month.
Meanwhile, NEPSE saw over Rs 20 crore worth of share transactions on Monday, with trading in NB Bank’s shares crossing Rs 5 crore. The sudden surge in share transaction, especially the trading in NB Bank shares, has been attributed to the positive impact resulting from the money sent by IFIC.
src sharesansar
