KATHMANDU, Jan 5: Pokhara Finance and Samriddhi Finance have entered into a merger process with a 1:1 share swap ratio, as determined by the joint merger committee.
The two finance companies had signed a memorandum of understanding in Shrawan (mid-July) to merge.
IDBL's Special AGM approves share swap ratio
To move the merger forward, the joint merger committee appointed an evaluator to assess the assets, liabilities, and business operations of both institutions. The evaluator has submitted the valuation report.
Based on the joint merger report, the board of directors of Samriddhi Finance has approved the decision to proceed with the merger at an equal share exchange ratio of 1:1.
Pokhara Finance’s head office is currently located at New Road, Pokhara, while Samriddhi Finance’s head office is in Hetauda. After the merger, the unified entity will operate under the name Pokhara Finance Limited, with plans to relocate the head office to Kathmandu.
