Lumbini Bikas Bank trading resumes from today after merger; trading started from Rs 171 in Nepse

Trading of Lumbini Bikas Bank Limited has resumed from today (Shrawan 10, 2074) in Nepal Stock Exchange (NEPSE) with the stock symbol LBBL. As per the notice published in NEPSE today, the trading of LBBL has been resumed after its successful merger between Vibor Society Development Bank and Lumbini Finance and Leasing Company Limited. The development bank had commenced joint operation from Asadh 25, 2074 as Lumbini Bikas Bank Limited. The trading of the scrip opened at Rs 171. The share swap ratio of Vibor Society : Lumbini Finance for the merger was fixed at 100:80.