Trading in stocks of Global IME Bank resumes from tomorrow after a successful merger with Janata Bank; Open Price Range is set at Rs. 252.47

Nepal Stock Exchange Limited (NEPSE) has published a notice regarding the trading of shares of Global IME Bank Limited (GBIME) from tomorrow (Magh 6, 2076).

The Open Price Range is set at Rs. 252.47 after a merger with Janata Bank Nepal Limited for the First Transactions. The last trading price of GBIME before merger was Rs 295 traded on July 4, 2019.

The existing paid-up capital of GBIME is Rs 18.97 arba and its 18.97 crore unit shares is listed on NEPSE.

Nepal stock exchange (NEPSE) has recently listed 7.20 crore unit shares of Global IME Bank (GBIME) after the conversion of Janata Bank shares.

GBIME has approved 12.75% bonus shares (13,306,557.9 units) which is already listed on NEPSE and JBNL has approved 6% bonus shares (4,800,471.60 units) for their shareholders from the profit till 2075/76. 

Global IME Bank (GBIME) started joint operation after the merger with Janata Bank (JBNL) from Mangsir 20, 2076. Global IME had acquired Hathaway Finance before Janata Bank at a swap ratio of 1:0.42 and the swap ratio with Janata Bank was at 1:0.85.