Companies Halted for trading due to Merger & Acquisition

Overview

 Nepal Stock Exchange (NEPSE ) halt the trading of the companies which are having merger or acquisition. Share of those companies does not get traded till the completion of merger and acquisition.  After the completion, they will start their trading the name they have agreed on. That may be of old name one of the company or new name. Eg Janata Bank Limited merged with Global IME Bank, now their new name is Global IME Bank Limited which was agreed before.

Negative effective of this process: After the IPO, The Samaj Laghubitta and Swastik Laghubitta Bittiya Sanstha Limited agreed to merged with each other with 1:1 Swap ratio. But due to disagreement regarding the location of the center of office of the new company after merger. The Merger process between the company get terminated. Due to which investor money is been locked for lone period of time.

Companies Halted for trading due to  Merger & Acquisition 

 Following are companies halted for trading due to Merger & Acquisition. These companies has not been traded in NEPSE for long period. 

All the company's merger process is going on but shareholder's share not been traded. Due to which huge amount of shareholder money is locked. 

Company which are in merger are:

•  Ridi Hydropower Development Company limited and Rairang Hydropower Development company Limited.
• Womi Laghubitta Bittiya Sanstha Limited and Suryodaya Laghubitta Bittiya Sanstha Limited. 
• Nepal Investment Bank Limited and Himalayan Bank Limited.
• Adhikhola Laghubitta Bittiya Sanstha Limited and Dhaulagiri Laghubitta Bittiya Sanstha Limited.
• Ghodighoda Laghubitta Bittiya Sanstha Limited and Unique Nepal Laghubitta Bittiya Sanstha Limited. 
• Now Nepal Bangladesh Bank Limited

Their new name will be Ridi hydro power development company limited, Womi Laghubitta Bittiya Sanstha Limited, Himalayan and Nepal Investment bank Limited, Adhikhola Laghubitta Bittiya Sanstha Limited and Ghodighoda Laghubitta Bittiya Sanstha Limited respectively.

Now Nepal Bangladesh Bank Limited is in the lis. Bank is recently acquired by the Nabil Bank limited. The Swap ratio of the the deal is 100:43. The trading of the company will halt from 16th January, 2022.

Other Important Links

EPS of the Micro-finance: Click Here

EPS of the Finance Companies: Click Here

EPS of Life insurance Companies: Click Here

EPS of Non-life Insurance: Click Here

EPS of Development Banks: Click Here

EPS of Hydro power: Click Here