After the Successful Merger, 2.8 Crore Unit Shares of Siddhartha Premier Insurance Listed in NEPSE For Trading

28,065,499 shares of Siddhartha Premier Insurance Limited (SPIL) after a successful merger between Siddhartha Insurance Limited (SIL) and Premier Insurance Company (Nepal) Limited (PIC) have been listed in NEPSE.

SIL and PIC signed the merger agreement with each other on 27th Ashad, 2079. The company had signed a merger deal at a swap ratio of 1:1. The paid-up capital of SIL was Rs. 1,403,920,000. Meanwhile, the paid-up capital of PIC was Rs. 1,402,629,900. The total paid-up capital of the newly merged company "Siddhartha Premier Insurance Limited" is Rs. 2.8 Arba.

After a successful merger, SIL and PIC commenced the joint transaction in the name of Siddhartha Premier Insurance Limited (SPIL) from Falgun 17, 2079. Therefore the listed shares will start trading under the symbol "SPIL."

The open price range is set as Rs. 637.61 for the first transactions.