Pokhara Finance and Samriddhi Finance to Begin Unified Operations from Ashadh 26 After Merger Approval

Pokhara Finance Limited (PFL) and Samriddhi Finance Company Limited (SFCL) have announced that they will commence integrated operations from Ashadh 26, 2083, following the completion of their merger process and receipt of final regulatory approvals.

According to an official notice issued by Samriddhi Finance Company Limited, both institutions have already secured final approval for the merger from Nepal Rastra Bank as well as the Office of the Company Registrar. The decision to begin unified operations was made during a joint merger committee meeting held on Ashadh 11, 2083.

In preparation for the merger, the company stated that a public notice regarding the integration has already been published in the national daily Naya Patrika on Ashadh 12.

The company has also requested the suspension of share trading effective from the date of integrated operations, in accordance with the Securities Registration and Merger/Acquisition Directive 2079 issued by the Securities Board of Nepal. The suspension is necessary to facilitate share adjustment, securities re-registration, dematerialization, and listing procedures following the merger.

The merger is expected to strengthen the financial position of both institutions and streamline their operations under a single integrated entity.