Trading of Lumbini Bank resumes following merger with Navadurga; LFC, too, resumes

ShareSansar, July 13:

The trading of Lumbini Bank Limited (LUBL) has resumed from today following the merger of Navadurga Finance Limited.  

LUBL had started distributing new share certificates to the shareholders from July 3, and had also urged the shareholders of erstwhile Navadurga Finance to submit their share certificates to CIT to get the new certificate of Lumbini Bank.

The emerged BFI had started the integrated trading from June 29 soon after Nepal Rastra Bank gave the final approval for the merger.
 
Both the BFIs had applied for the final approval of the central bank immediately after holding their special general meeting on May 23.

Its EPS has now risen to Rs 11.21, net worth per share stands at Rs 134.22 and the P/E ratio is 24.98.

Meanwhile, trading of Lalitpur Finance Limited (LFC) has also resumed from today following the cancellation of merger process with Progressive Finance Limited and Arun Finance Limited.