Trading of Om Development Bank suspended in NEPSE; Suspension caused due to acquisition process with Prime Commercial Bank
Mon, Aug 20, 2018 12:08 PM on Latest, Stock Market,
The trading in the shares of Om Development Bank Limited (ODBL) has been suspended in the secondary market. The trading has been suspended due to the acquisition process with Prime Commercial Bank Limited.
Representatives of both the banks have signed on the Memorandum of Understanding regarding the acquisition process on Bhadra 3, 2075.
As per the banks, the Due Diligence Audit (DDA) of Om Development Bank will be completed within 1 month after which the merger process will move forward.
