It’s been almost 5 months that the transaction of PLI shares has been halted for merger and acquisition. As I have seen other merger acquisition usually lasts for 3 months max, can anyone tell when it’s going to end or at what stage has the merger acquisition reached. Is there any rules that regulates the merger acquisition process and period regulated by SEBON?? It’s been like two quarterly muddati period if it was to be put in muddati.
View on r/NepalStock by squishyorchin
Today, the Nepal Stock Exchange approved the resumption of securities trading for Prabhu Insurance Company Limited (PRIN). The decision came after a delay in providing NEPSE with information about PRIN’s board of directors meeting, where they decided to issue right shares in the ratio 1:0.65 on Ashad 27, 2080.
Ghorahi Cement Industry Limited will be reissuing its IPO shares to the general public. This decision was made after a temporary setback during the initial offering, where some investors applied for shares without having enough funds. The company has conducted a thorough investigation into the matter and has taken transparent and corrective actions. The reissuance of shares aims to provide a fair and transparent opportunity for interested investors to participate in the IPO. The reissuance period will be from the 22nd to the 24th of Ashad, 2080.