Provision for Share Transaction Suspension During Merger Process Scrapped

Kathmandu: The provision of suspension of share transaction in the secondary market immediately after signing memorandum of understanding for merger or acquisition, has been scraped by the new monetary policy.

Central Bank’s governor, Maha Prasad Adhikari announced that no share trading in the secondary market will be suspended during the process of merger and acquisition of bank and financial institutions.

Now, the millions of shareholders will be allowed to continue share transaction in the secondary market, irrespective of the status of merger or acquisition.

Recently, the share trading of more than a dozen life and no-life insurers have been suspended due to their merger process.

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