Nepal Investment Bank’s request to dematerialize the shares

Kathmandu, March 26

Nepal Investment Bank has urged the shareholders of Savik City Express Finance Company to dematerialize their shares. The bank has acquired City Express Finance and started integrated business on Magh 11.

After the receipt, the shares issued in the name of City Express Finance Limited have to be canceled and the shares have to be dematerialized in the name of Nepal Investment Bank.

The company has asked the shareholders of Savik City Express Finance Company who have not dematerialized their shares till Magh 11 and are yet to open a beneficiary account to contact the bank’s office and the share registrar’s office as soon as possible

The share registrar of the company is NIBL ​​S Capital. The company has also informed that in the case of the shareholders who have dematerialized the shares in their beneficiary account till Magh 11, the shares have been deposited in the respective beneficiary account equal to the share exchange ratio.

The company has acquired City Express Finance as per the agreement to exchange 100 to 30 shares. On this basis, the shareholders who have 100 shares of City Express will now get 30 shares of Nepal Investment Bank.