NABIL acquire United Finance

Both companies have called a special general meeting to pass NABIL's proposal to acquire United Finance.

Both the companies have convened a meeting on June 19 at their respective central offices to conduct the operation through virtual media. The meeting of both the companies will start at 11 am.

The meeting will pass a special resolution for Nabil Bank to acquire United Finance (UFL) at a share swap ratio of 100 to 35. In addition, a proposal will be passed to authorize the steering committee to do all the work related to the acquisition.

For the purpose of the special general meeting, both the companies are going to close the book on Jestha 28. Shareholders who have traded on Nepse till the previous day will be able to participate in the special general meeting.