Kabeli and Saptakoshi Development Bank announced the merger on January 18. The stock trading will resume once the merged entity come into operation, says NEPSE.
Kabeli and Saptakoshi Development Bank, both 'B' listed financial institutions by NRB, are merging at a swap ratio of 1:1.
After the merger, the merged entity will have paid-up capital of Rs 810 million. The bank requires raising its paid-up capital by Rs 390 million in order to function as a provincial level bank.
