CBIL Turns Merchant Banker

September 4: CBIL Capital has gained approval from Securities Board of Nepal (SEBON) to carry out merchant banking activities. Issuing a press statement, CBIL informed of carrying out all the merchant banking activities from Dillibazar office. CBIL Capital is a subsidiary company of Citizens Bank. The company is also financed by Citizens Investment Trust and well known industrialists and businessmen of the country.

The company will be performing various activities as a merchant banker including securities issuance, issue managing, securities underwriting, share registrar and investment management.  Similarly, it will also perform tasks including opening D-mat account, dematerialisation of shares and promotion of mutual fund.