Kathmandu, June 26: Pokhara Finance Limited has announced that trading of its shares will be suspended from Asar 26, 2083 BS, as part of the process to complete its merger with Samriddhi Finance Company Limited.
According to the company, the merger has already received final approval from both Nepal Rastra Bank and the Office of the Company Registrar. Following a decision of the Joint Merger Committee made on Asar 11, 2083 BS, the merged institution is scheduled to begin integrated operations from Asar 26, 2083 BS.
The temporary suspension of share trading is required to facilitate several post-merger procedures, including share matching, re-registration of securities, dematerialization (Demat) of securities, and listing of the merged entity in accordance with the Securities Registration and Merger/Acquisition Guidelines, 2022, issued by the Securities Board of Nepal (SEBON).
The company stated that the suspension is a procedural requirement to ensure a smooth transition into the unified institution and completion of all regulatory formalities related to the merger.
Published by Samriddhi Finance on 2083-3-12
View More by Samriddhi Finance
