Due To The Acquisition Process Trading of Securities For Century Commercial Bank Limited Is Halted

According to the relevant regulation governed by Nepal Stock Exchange (NEPSE), the secondary market trading of securities for Century Commercial Bank Limited (CCBL) has been halted from Monday, 16 Shrawan as CCBL is being acquired by Prabhu Bank Limited (PRVU).

Since this is an amalgamation in the nature of purchase or acquisition, only Century Bank share trading is halted and the last trading price of the said bank is Rs 193.

The current paid-up capital of CCBL is Rs. 9.55 Arba whereas the paid-up capital of PRVU is Rs. 12.07 Arba. Hence, after starting an integrated business, the total paid-up capital of Prabhu Bank Limited will be Rs. 21.62 Arba, surpassing the total paid capital of Himalayan Bank after the acquisition of Civil Bank.