Bank of Kathmandu & Lumbini Bank sign MoU for merger
Thu, Dec 24, 2015 9:30 PM on Latest, Stock Market,
Bank of Kathmandu ltd. (BOK) and Lumbini Bank Ltd. (LUBL) have signed a Memorandum of Understanding (MoU) for merger today.
The swap ratio of BOK and LUBL has been set at 100:82.81.
The paid up capital of BOK stands at Rs 2.12 arba. After the issuance of bonus shares it will soar up to Rs 2.67 arba. Similarly, the current paid up capital of LUBL is Rs 2 arba. After the issuance of bonus shares the paid up capital of LUBL will reach Rs 2.30 arba.
Merger between BOK and LUBL was known to secondary market for a while. Thus, higher volumes of shares of BOK & LUBL were traded this week. Most notably, 53,806 units of BOK worth Rs 3.13 crore was traded today through 130 transactions where as 55,333 units of shares worth Rs 2.17 crore of LUBL was traded yesterday.
