Muktinath Bikas Bank Signs MoUs to Acquire Sindhu Bikas Bank and Janaki Finance
Summary
Muktinath Bikas Bank has signed preliminary agreements to acquire Sindhu Bikas Bank and Janaki Finance Company, subject to regulatory and corporate approvals. The move is set to expand the bank’s institutional and business reach.
Key Points
- Muktinath Bikas Bank Limited has signed preliminary agreements to acquire Sindhu Bikas Bank Limited and Janaki Finance Company Limited.
- The agreements were approved in the bank’s 385th Board of Directors meeting.
- The acquisitions are still subject to regulatory and corporate approval processes.
- The article also notes the paid-up capital and latest share prices of the three institutions.
