Nepal Breaking NewsBusinessK.C.L Astute Capital To Be Purchased By Garima Bikas Bank

K.C.L Astute Capital To Be Purchased By Garima Bikas Bank

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The shares of K.C.L. Astute Capital have been purchased by Bank (GBBL), a national development bank (Merchant Bank). The two companies have reached an agreement to purchase the share ownership.

On Friday, Govinda Prasad Dhakal, CEO of Garima Bikas Bank, and Deepak Pandey, Chairman of KCL Astute Capital Limited signed a Memorandum of Understanding.

Garima Bikas Bank will own 51.20 percent of K.C.L Astute Capital Limited following the agreement. The name of K.C.L Astute Capital will be changed to Garima Capital Limited, a subsidiary of Garima Bikas Bank, following the transfer of ownership.

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