NIBL Capital Markets Limited and Ace Capital Limited have officially signed a Memorandum of Understanding (MoU) on Kartik 23, 2074 for merger.

Mr. Sachin Tibrewal, Chairman of NIBL Capital Markets Ltd and Mr. Rabin Sijapati, Chairman of Ace Capital Ltd, signed the Merger MoU in the premises of NIBL Capital Office, Lazimpat, Kathmandu, Nepal.

On Ashwin 29 2074, parent company, Nepal Investment Bank Ltd, acquired Ace Development Bank Ltd., and as per SEBON’s regulatory requirement the subsidiary company should get merged due to this ACE Capital and NIBL Capital getting merged. This merger will increase the paid up capital of the merged entity to NPR 27 Crore which will be the highest paid up capital amongst its peers.