Tuesday, November 6, 2012

Central bank agrees merger of CMB, Alpic and Butwal merger

The central bank has given a green signal for the merger of Butwal Finance, CMB Finance and Alpic Everest Finance.
They are going to merge into a single entity Synergy Finance Company that will have a paid-up capital of Rs 474.4 million. It is going to start its operations as Synergy Finance from next month. 
“Promoters of Butwal Finance will have majority stake of around 49 per cent, whereas current CMB investors have around 26 per cent and Alpic promoters will have around 25 per cent stake in Synergy Finance.
Under the agreement, a shareholder with 100 shares in Butwal Finance will get 120 shares in Synergy Finance, where a shareholder with 100 shares of Alpic will get 110 shares. Likewise, a shareholder with 100 shares of CMB will get 88 shares in the merged unit.
Synergy Finance will be led by chief executive of CMB Finance Rajendra Man Shakya, who is incumbent president of Nepal Finance Companies Association (NFCA).


Anonymous said...

Hello! I'm at work surfing around your blog from my new apple iphone! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the superb work!
My blog post ... GFI Norte

Anonymous said...

When I originally left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I get four emails with the same comment. There has to be an easy method you are able to remove me from that service? Appreciate it!

Health Insurance Coverage said...

Really You made some good points there.You've performed an impressive process and our whole group will probably be grateful to. I would like to thank for creating this interesting blog, because its having the useful information.

yanmaneee said...

balenciaga trainers
calvin klein outlet
nike shoes
cheap jordans
goyard handbags
off white jordan 1
off white shoes
kevin durant shoes