corporate activities

NIBL merges with ACE Capital

Published On: February 11, 2018 07:34 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Feb 11: NIBL Capital Markets Ltd has signed a Memorandum of Understanding (MoU) of its merger with Ace Capital on Saturday. The unified company has been named NIBL Ace Capital, according to a statement issued by the company. After the merger, the total paid-up capital of the company has reached to Rs 270 million. Besides, the company will provide combined Depository Participant (DP) services to more than 142,000 DEMAT account for its clients along with RTA/RTS services for 38 companies and over one million shareholders, added the statement.

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