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DFCC and DVB boards approve amalgamation

27 July 2015 03:18 am - 0     - {{hitsCtrl.values.hits}}

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The director boards of DFCC Bank PLC (DFCC) and DFCC Vardhana Bank PLC (DVB) have approved a proposal to amalgamate the two bank subject to obtaining shareholder and regulatory approvals.

Following the proposed amalgamation, the surviving entity will be DFCC Bank PLC.

The two banks are expected to hold Extraordinary General Meetings (EGMs) on August 28, to seek necessary shareholder approvals in connection with the amalgamation.

“Upon obtaining necessary approvals, the amalgamation shall be effective from 1 October 2015 or such other date as may specified in the certificate of amalgamation issued by the Registrar General of Companies in that regard,” the two banks said.
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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.