Trading of Biratlaxmi and Shrijana Finance scrips resume

ShareSansar, June 30:

Trading of the crisis-ridden Shrijana Finance Company Limited (SFFIL) has resumed from today following the breakdown of its merger process with Pathivara Bikas Bank Limited.

The BFIs had entered into a merger process a few months back, but the central bank had gone on to declare it crisis-ridden, which could have led to the breakdown of the merger.

Meanwhile, trading of Biratlaxmi Development (BLDBL) has now been resumed as the company has successfully completed the merger with Khadbari Development Bank Limited.

The two BFIs had formally endorsed the merger back in January.