Siddhartha Bank trading resumes from today at Rs 595; Successful merger with Business Universal Dev. Bank

Siddhartha Bank Limited (SBL) has resumed its trading in Nepal Stock Exchange Limited (NEPSE) from today (Ashad 27, 2073). The trading of the bank was halted due to the merger process with Business Universal Development Bank Limited (BUDBL). The trading of Siddhartha Bank has resumed after the successful merger with Business Universal Development Bank. Both the bank had commenced joint operation from Ashad 7, 2073 as Siddhartha Bank. 133 buy orders have been placed for 3, 49, 400 units of shares after its trade resumed. The paid up capital of Siddhartha Bank stands at Rs 2.43 arba. It had earned net profit of Rs 79.38 crore in the third quarter of the fiscal year 2072/73. The paid up capital of Business Universal Development Bank stands at Rs 1.05 arba. The bank had earned net profit of Rs 13.19 crore in the third quarter of the fiscal year 2072/73. Before the merger process, Siddhartha Bank & Business Universal Development Bank last traded price (LTP) stood at Rs 595 & Rs 269 respectively as on January 6, 2016.