According to a press statement issued by the bank here on Friday, an agreement to this effect was signed between Jyoti Bikash Bank and Ace Development Bank on Friday. Jhalak Prasad Khanal, CEO of Jyoti Bikash Bank and Siddhant Raj Pandey, CEO of Ace Development Bank signed the agreement.
As per the agreement, Ace Development Bank will act as the Issue Manager for the public issue of 2,052,860 numbers of ordinary shares of the Jyoti Bikash Bank each with face value of Rs 100.
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