As per a source, there is a possibility of donning a written agreement upon compliance on various issues including swap ratio.
Presently, the company has a paid-up capital of Rs 8.03 billion while Om Development has a paid-up capital of Rs 2.51 billion. The merged entity will have the paid-up capital of Rs 9.5 million.
However, the source revealed that both parties have not agreed on swap ratio. Om Development is trying to pen swap ratio of 60 to 65 whereas Prime Bank is trying to slash the swap ratio further.
