Siddhartha Insurance inks merger agreement with Premier Insurance; decently performing insurance players to merge in swap ratio of 1:1
Tue, Jul 12, 2022 12:22 PM on Merger/Acquistion, Latest,
Siddhartha Insurance Company and Premier Insurance Company Nepal have inked a merger agreement in a share swap ratio of 1:1.
The MoU was signed between the Chairman of Siddhartha Insurance Mr. Ratan Lal Kedia and the chairman of Premier Insurance Mr. Suresh Lal Shrestha, as per the media statement.
After the merger agreement, both companies' share trading will be at halt on Nepal Stock Exchange. As of writing, Siddhartha Insurance (SIL) LTP is at Rs 543.70 and Premier Insurance (PIC) LTP is at Rs 576.
