Sagarmatha, Patan call shareholders’ meeting to approve merger plan; share swap ratio at 2:1

ShareSansar, February 23:

The Special General Meeting of Sagarmatha Merchant Banking and Finance and the Annual General Meeting of Patan Finance is likely to endorse the plan to merge the two companies.

According to a notice published on Falgun 11, the Special General Meeting of Sagarmatha Merchant Banking and Finance and the Annual General Meeting of Patan Finance will be held on Chaitra 5.

Endorsing the plan to merge the two companies is at the top of the agendas proposed by them in the notice. Most importantly, the meeting will approve the share swap ration of 2:1, with each of Sagarmatah’s share equivalent to two shares of Patan.

The meetings are also being held to endorse formation of a joint merger committee, appointment of Shree R S and Associates as due diligence auditor, and the hiring of a chartered accountant and his remuneration.  

Sagarmatha Merchant Banking and Finance's SGM will start at 10am at Cristal Banquet, Manbhawan, Lalitpur and Patan Finance’s AGM will begin from 10am at Kumari Party Palace in Gabahal, Lalitpur.