Kathmandu, Feb. 10: The NIBL Ace Capital, a
company created after the merger of NIBL Capital Markets Limited and Ace
Capital Limited, will start its operations from Sunday.
The merger between the two companies was announced
on November 10 last year and the two companies signed a Memorandum of
Understanding (MoU) for the same.
According to the company, NIBL Ace Capital
will cater combined Depository Participant (DP) services to more than 142
thousand Demat accounts for its clients who will provide RTA/RTS (Registrar and
Transfer Agents/Registrar to Shares) services to 38 companies, and over 1
million shareholders.
“The post-merger business scenario is
promising and the synergy created through this collaboration will reflect
positively on future business prospects and services of the company. The
paid-up capital of the consolidated entity has reached Rs. 270 million, which
is the highest in Nepali capital markets industry,” said the company.
Likewise, the unification will increase the
number of branches of the company to four.
Published in The Rising Nepal daily on 11 February 2018.
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