Kathmandu, Dec 12. 2013
Manjushree Finance Institution Limited has decided to merge with Lumbini Bank Limited.
Following the decision of these two BFIs to merge, Nepal Stock Exchange Limited has even suspended the trading of Manjushree’s shares from today.
Lumbini Bank officials told ShareSansar that the two BFIs had signed a memorandum of understanding for the merger yesterday.
“We will decide about the swap ratio only after we prepare the DDR,” said a senior official with the commercial bank.
Manjushree had posted a net profit of Rs 2.73 crore in the last fiscal year 2069/70.
Following the decision of these two BFIs to merge, Nepal Stock Exchange Limited has even suspended the trading of Manjushree’s shares from today.
Lumbini Bank officials told ShareSansar that the two BFIs had signed a memorandum of understanding for the merger yesterday.
“We will decide about the swap ratio only after we prepare the DDR,” said a senior official with the commercial bank.
Manjushree had posted a net profit of Rs 2.73 crore in the last fiscal year 2069/70.
Source: sharesansar
No comments:
Post a Comment