Jalpa Laghubitta Merges with Kisan Laghubitta | Joint Operation from Today
July 11, 2024 | Investopaper
Jalpa Laghubitta Bittiya Santha Limited (JALPA) has successfully merged with Kisan Laghubitta Bittiya Sanstha Limited (KLBSL). After the merger, the joint operation will commence in the name of ‘Matribhumi Laghubitta Bittiya Santha Limited’ from Ashad 27, 2081 BS.
Nepal Rastra Bank (NRB) had given the final approval for the merger on Jestha 29, 2081 BS. Similarly, both the companies had signed a final agreement for merger on Chaitra 18, 2080 BS.
After the due diligence audit, the share swap ratio was finalized at 1:0.8834. This means that every 100 shares of Jalpa Laghubitta will convert into 100 shares of the company after the merger, while every 100 shares of Kisan Laghubitta will convert into 88.34 shares of the new company formed after the merger.
The preliminary agreement for merger (MOU) was signed between the two microfinance companies on Shrawan 9, 2080 BS [July 25, 2023].
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