Trading of Mega Bank and Tourism Dev Bank halted in NEPSE following merger process
Sun, Jan 22, 2017 11:40 AM on Latest, Featured, Stock Market,
Trading of Mega Bank Nepal Limited (MEGA) and Tourism Development Bank Limited (TDBL) has been suspended on NEPSE from today (Magh 9, 2073). Both banks had signed an agreement for merger on Magh 6, 2073 with a swap ratio of 100:95 (MEGA: TDBL).
After the merger, the paid up capital of the merged entity will reach Rs 9.48 arba. Shareholders of MEGA have complained that the merger deal lacks transparency and is against the interest of shareholders.
