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http://www.bizmandu.com/content/-4596.html#.Ukv5I4amh3o

Anyone knows the latest update with Civil Bank Ltd Merge Process?

Because of the news planning to merge with Civil Merchant and Axis Development Bank ( Both not financially strength institutions), the board and the Management just seems like favoring its own groups peoples institutions.

No doubt, the financial report of civil Bank Ltd is good, but the merge it can have with not financially strength financial institutions, investors have lost the confidence in this script that's why its trading at Rs 140 - Rs 142.

Commercial banks of the same age like Commerce and Trust is trading at Rs 160 and Mega Bank is trading at Rs 180.

So the price itself indicates that merging with Civil Merchant and Axis Development Bank is not favorable. In few months time there is a election for the public director, so I feel that the Board of Civil Bank should wait for the public Directors opinion on the merge process, since the Public has 40% of the Shares in its capital.

I indeed am not against merge, but indeed against merging against bad companies.

Hope Civil Bank Board and the Management will not let us down.