Kathmandu. The process of merger between Pokhara Finance Limited and Samriddhi Finance Company Limited has reached the final stage. The two companies, which are in the final stages of merger, will start joint transaction from July 26.

The meeting of the joint merger committee held on July 11, 2083 decided to start the joint transaction from July 11, 2083 after receiving final approval for the merger from Nepal Rastra Bank and Company Registrar’s Office.

Meanwhile, share trading has been suspended from July 10 for share merger, re-registration, demat and listing of securities as per Regulation 9 (2) of the ‘Merger and Acquisition Directive, 2079’ issued by the Securities Board of Nepal (SEBON).

Similarly, all banking services at Pokhara Finance and Samriddhi Finance’s central office and all branches will remain closed for July 10 to complete the technical work including data migration required to start integrated transactions.

After the merger, the central office of Pokhara Finance Limited will be located at Putalisadak, Kathmandu Metropolitan City-28.

After the merger, the company will be named Pokhara Finance Limited.