Trading in securities of Srijana Finance Limited and Mahuli Laghubitta halted; both signed agreement for mergers and acquisitions with other companies

Thu, Jan 23, 2020 1:22 PM on Latest, NEPSE News,
Trading in...

Nepal Stock Exchange Limited (NEPSE) has published notice regarding halt in trading securities of Srijana Finance Limited (SFFIL) and Mahuli Samudayik Laghubitta Bittiya Sanstha Limited (MSLB).

As per the notice, SFFIL had signed Memorandum of Understanding (MoU) to get acquired by Sunrise Bank Limited (SRBL) on Magh 8, 2076. Similarly, MSLB had signed MoU to merge with Navkiran Laghubitta on Magh 8, 2076.

Subsequently, trading in securities of both the companies has been halted by NEPSE until further notice.