KATHMANDU, March 23: Deva Development Bank Ltd has signed a memorandum of understanding (MoU) to acquire Union Finance Ltd (UFCL). Trading of UFCL has been halted due to the acquisition process.

Issuing a statement, Deva Development Bank said that its chairman Dr.Subarna Lal Bajracharya, and Union Finance President Bhakta Bahadur Malla signed the MoU to this effect on Tuesday. Post-acquisition, the entity will be named as Deva Bikas Bank Ltd, the statement added.

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Symbol % Change Last Price Turnover
UFL 6.0000 265.0 173,220.0
NBF1 5.2632 20.0 31,177.0
EBL 4.7041 1,380.0 41,502,313.0
GFCL 4.5455 207.0 494,280.0
CLBSL 3.9936 1,302.0 195,700.0
Symbol % Change Last Price Turnover
SKDBL -6.4935 360.0 2,465,632.0
EBLCP -4.4101 867.0 804,290.0
GRDBL -4.1096 630.0 265,860.0
SINDU -4.0000 336.0 1,534,424.0
ARUN -3.4314 197.0 134,710.0
Symbol % Change Last Price Turnover
PRVUPO 0.0000 190.0 141,267,660.0
EBL 4.7041 1,380.0 41,502,313.0
SCB 0.0440 2,275.0 28,067,533.0
PLIC 0.2344 2,566.0 27,478,564.0
SBL -1.2220 485.0 26,757,006.0