Mega Bank Share Price raised with Merger with Investment Bank

May Thu 2022 04:20:06

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Mega Bank Share Price raised with Merger with Investment Bank

Kathmandu. Mega Bank's share price has risen sharply following rumors of a merger with Nepal Investment Bank (NIBL). In the market on Thursday, not only the share price of the bank but also the transaction amount, number and lot have been raised all of a sudden. According to a stock market investor, the recent merger of the bank with NIBL ​​has led to an increase in the share price of Mega.

According to those investors, NIBL ​​is merging Mega with a swap ratio of 100 to 90. The bank's share price, which remained stable in the market on Wednesday, rose 10 percent to Rs 247.50 per share on Thursday. Which is Rs. 22.50 more than the previous day.

Similarly, the transaction amount has also been higher than other companies. The bank has Rs 54.2 million in one day. A total of 2,25,628 shares have been bought and sold in 897 transactions during the day. Which is higher than other companies.