NEPSE halts shares of Civil Bank

KATHMANDU: The Nepal Stock Exchange (NEPSE) has halted trading shares of Civil Bank Limited shares.

Following, Himalayan Bank completed its acquisition of Civil Bank, and the integrated business will begin on Feb 24 under the name Himalayan Bank, NEPSE halted trading in the bank’s shares.

Himalayan acquired Civil in a 100:80.28 ratio, which means that 100 shares of Civil Bank equal 80.28 shares of Himalayan Bank.

The merger proposal was approved at both banks’ general meetings on Jan 12.