The final agreement details of the merger between IME Pay and Khalti show that the final swap ratio was fixed at 1:4.602275.
In the merger that took place last year between IME Pay and Khalti, the final share swap ratio was maintained at 1:4.602275. According to the final agreement document obtained by Bajar ko Chirfar, this means 1 share of Khalti was valued equal to 4.602275 shares of IME Pay.
However, this ratio was not the same from the beginning.
In the initial asset and liability valuation done for merger, it was proposed to giving 433.5 shares of IME Pay for every 100 shares of Khalti. This meant the initial swap ratio was 1:4.335.
But as merger process moved forward, Khalti’s valuation was reviewed. The joint merger committee recalculated the swap ratio by looking at Khalti’s brand reputation, market presence, employee capability, and market price of that time.
After this, the final agreement set the ratio at 1:4.602275. This means Khalti shareholders got an extra 26.7275 shares of IME Pay for every 100 shares they held compared to the first proposal.
Shareholders Shareholding and Paid Up Capital
Under this updated swap ratio, Khalti’s shareholders now hold 45 percent ownership in the new company, IME Khalti Limited. The shareholders of IME Pay hold the remaining 55 percent stake.
Before the merger, Khalti had a paid-up capital of Rs 5 crore 33 lakh 33 thousand. On the other hand, IME Pay had a paid-up capital of Rs 30 crore.
After combining, the total paid-up capital of new company IME Khalti Limited has reached Rs 54 crore 54 lakh 54 thousand. Both the digital wallets have already started joint business operations under the name of IME Khalti Limited.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
