Jalpa Laghubitta to Merge with Kisan Laghubitta | Final Agreement Inked

April 2, 2024 | Investopaper

Jalpa Laghubitta Bittiya Santha Limited (JALPA) is going to merge with Kisan Laghubitta Bittiya Sanstha Limited (KLBSL). Both the companies have signed a final agreement for merger on Chaitra 18, 2080 BS.

After the due diligence audit, the share swap ratio has been 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].

As of Ashad’s end  2080 BS, Jalpa Laghubitta has a paid-up capital of Rs. 18.28 crores while Kisan Laghubitta has a paid-up capital of Rs. 50.43 crores.

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