Know why the shares of merged Western development bank not yet listed in NEPSE for trading?

Dang based Western Development Bank (WDBL) and Namaste Bittiya Sanstha Limited had gone on merger process on 24^th Chaitra, 2074. The integrated transaction post-merger was started in name of Western Development Bank Limited on Ashwin 29, 2074. The swap was fixed at 1:1 in the merger. It has been more than 3 months joint transaction has started between the merged institutions, but the share have still not listed in NEPSE yet. As per the company officials, “Both Namaste Bittiya Sanstha and Western Development Bank will endorse separate bonus share from the profit of 2073/74 FY to their shareholders. This might lead to confusion to the merged companies’ shareholders. Hence, they will send it for listing only after dividend is endorsed by their separate AGM.  Presently, the company is awaiting NRB approval", he added. It seems that the whole process may take couple of more months to get shares credited in the respective demat accounts of merged entity shareholders. As per the latest published quarterly report, the paid up capital of WDBL remains at Rs 42.93 crore and has reserve of Rs 8.17 crore.  To comply with the NRB norms Western and Namaste bittiya will endorse bonus share on their current paid up capital to make Rs 50 crore figure.