Share Swap Ratio Revised

         

   

Two development banks and two finance companies on the process of merger to form a national level development bank have revised the swap ratio.

 

Manakamana Development Bank, Yeti Finance, Infrastructure Development Bank and Valley Finance have decided on revising share swap ratio for their upcoming merger.

   

 

The Due Diligence Audit of these four institutions has suggested 1:1 swap artio for shares of Manakamana Development Bank, Infrastructure Development Bank and Valley Finance. However, Yeti Finance’s shares will be swapped at a rate of 1.1:, that is, Yeti Finance will get 10 percent premium on its share.