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Published On: July 27, 2016 08:58 PM NPT By: Republica

NMB Bank-led consortium to finance Riddhi Siddhi Cement

NMB Bank-led consortium to finance Riddhi Siddhi Cement

KATHMANDU, July 27: NMB Bank Ltd has said that it will become the lead bank in the consortium loans for Riddhi Siddhi Cement Company.

Issuing a statement, the commercial bank said that it will be the lead financer for the consortium loan where Nepal Bank Ltd, Nepal SBI Bank, Century Commercial Bank, Laxmi Bank Ltd, Century Commercial Bank Ltd, Laxmi Bank Ltd, Civil Bank Ltd, Machhapuchchhre Bank Ltd, Prabhu Bank Ltd and Society Development Bank Ltd are the participating banks.

According to the statement, the consortium will lend a total of Rs 4.58 billion in the project which is expected to cost Rs 6.11 billion.

Shankar Group and Amber Group are the leading promoters of Riddhi Siddhi Company Ltd.

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