Kathmandu. The share trading of Kumari Bank Limited has been freed. For the purpose of merger with Nepal Credit and Commerce (NCC) Bank, the share trading of the bank, which was suspended since October 11, was released on November 25. According to NEPSE, the share trading of Kumari Bank will be free from Sunday 27th of November.

NEPSE has banned the share trading of the bank except the basic shareholders. NCC Bank, whose share trading was suspended on the same day, is yet to be released. There is an arrangement that the process of releasing share transactions will proceed only after the relevant companies submit an application to NEPSE and CDSC along with the details of the basic shareholders.

Currently, for the purpose of merger and acquisition, share trading has to be suspended for a maximum of 15 days after the integrated transaction has been implemented.

With the implementation of the Merger and Acquisition Guidelines, 2079 by the Nepal Securities Board from November 24th, the problem of suspension of share trading for a long time has come to an end. Now after the completion of the merger process and the consolidated business, the share trading will be suspended for a maximum of 15 days.