Muktinath Bikas Bank to Acquire Janaki Finance and Sindhu Bikas Bank, Trading of Basic Shares Suspen

Muktinath Bikas Bank Limited has entered into a preliminary Memorandum of Understanding (MoU) to acquire both Janaki Finance Company Limited and Sindhu Bikas Bank Limited. The initial acquisition agreement was formally signed by the institutions on Friday, Bhadra 19, 2083 BS (September 4, 2026).

Following the acquisition agreement and in compliance with the Securities Board of Nepal’s (SEBON) Directive Related to Merger and Acquisition of Registered Public Entities, 2079, a formal request has been submitted to halt the share transactions of the basic (promoter/major) shareholders of the involved entities until the process concludes.