Pacific, Reliable and Subha Laxmi announce merger
ShareSansar, June 26
Banking and finance sector has been witnessing a series of mergers recently. And the latest companies to join the bandwagon are Pacific Development Bank, Reliable Finance and Subha Laxmi Finance Limited.
The three companies have announced to merge with each other today.
The trading in the shares of the three companies has been suspended following the merger announcement today.
As per the latest financial statement published during the 3rd quarter of fiscal year 2069/70, Pacific Development Bank seems to be good with sound financial health among three companies.
Rs. ‘000’
|
Particulars |
Pacific |
Reliable |
Subha Laxmi |
|
Paid Up Captial (Rs.) |
60000 |
241,929.00 |
200,000.00 |
|
Reserve (Rs.) |
17,536.31 |
59,353.00 |
17,854.00 |
|
Deposit (Rs.) |
532,170.81 |
2,021,250 |
699,823.00 |
|
Loan (Rs.) |
488,671.55 |
1,552,040 |
641,202.00 |
|
Net Profit (Upto 3rd Quarter) |
13,388.15 |
20,147.00 |
6,559.00 |
|
NPA (%) |
0.00 |
3.86 |
0.84 |
|
LTP (Rs.) |
125.00 |
108 |
86 |
