Deva Bikas Bank lists 18.82 lakh units shares of Sajha Bikas Bank & Union Finance
Tue, Nov 21, 2017 3:23 PM on Latest, Featured, Share Listed, Stock Market,
Deva Bikas Bank Limited (DBBL) has listed 18,82,927 units shares belonging to the shareholders of Sajha Bikas Bank and Union Finance Limited. Now, previous shareholders of Sajha and Union Finance can freely trade their shares in the name Deva Bikas Bank after the shares are deposited in their demat accounts.
As per the notice published in Nepal Stock Exchange today, Deva Bikas Bank has been listed 18,82,927 units shares for trading after the acquisition of Sajha Bikas Bank Ltd. and Union Finance Ltd.
DBBL had acquired Sajha Bikas Bank in share swap ratio of 1:1 and Union Finance in share swap ratio of 1:0.50 . Shareholders having 100 shares of Sajha are given 100 shares of DBBL and the shareholders having 100 shares of Union Finance are given 50 shares of DBBL. Their joint operation has started from Kartik 23, 2074.
Deva has earned net profit of Rs 3.23 crore in the first quarter of fiscal year 2074/75.
