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Shareholders Approve Manakamana, ID Bank & Yeti Merger
35 sec to read
Shareholders of Manakamana Development Bank and Valley Finance have cleared the deck for the financial institution´s merger with Infrastructure Development (ID) Bank and Yeti Finance.
The annual general meetings (AGMs) of financial institutions held on June 24 extended green signal to the consolidation process initiated with the target of creating a commercial bank.
Similarly, the special general meetings of Yeti Finance and ID Bank held on June 25 and June 27, respectively, have endorsed the merger process.
After the merger process wraps up, the new entity will have a paid-up capital of approximately Rs 2.2 billion.
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
