The investment was subject to unspecified conditions, NDB said. The bank had received approval from Sri Lanka's central bank and finance ministry. NDB said in a stock exchange filing it had reached a joint venture deal with Capital Market Services and its existing shareholders where the bank would gain control of the Bangladeshi firm.
Bangla Buy
Dec 18, 2008 (LBO) – Sri Lanka's listed NDB Bank is taking control of Capital Markets Services Ltd, a licensed merchant bank in Bangladesh, the bank said.