NIC Asia Laghubitta Successfully Merges With Swadeshi Laghubitta | Joint Operation From Chaitra 8
March 21, 2021 | Investopaper
NIC Asia Laghubitta Bittiya Sanstha (NICLBSL) has successfully merged with Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI). The joint transaction after the merger will begin from Chaitra 8, 2077 BS. The joint operation will be in the name of ‘NIC Asia Laghubitta Bittiya Sanstha Limited’. The registered office will remain at Itahari Sub-metropolis-9, Sunsari district.
NIC Asia Laghubitta had signed the Memorandum Of Understanding (MOU) for the merger with Swadeshi Laghubitta on Shrawan 32, 2077 BS [August 16, 2020]. Nepal Rastra Bank had provided the approval for the merger on Karthik 19, 2077 BS. Likewise, the merger also received final approval from Office of Company’s Registrar on Falgun 25, 2077 BS.
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Merger/Acquisition Of Microfinance Companies In Nepal
After the merger agreement, Nepal Stock Exchange had suspended the trading of shares of the two microfinance from Shrawan 32. Swadeshi Laghubitta (SDESI) last traded at Rs 800. Likewise, NIC Asia Laghubitta (NICLBSL) traded at Rs 759 before the suspension.
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NIC Asia Laghubitta, a national level microfinance, had recently issued the IPO to the general public. The microfinance has a paid-up capital of Rs 1.48 Arba. It commenced its financial operation from Poush 5, 2074 BS. The head office of the company is located at Bheri Municipality, ward no. 4, Jajarkot District, Nepal.
Similarly, Swadeshi Laghubitta started its operation since Poush 16, 2071 BS (31 December, 2014). It is a “D” national level financial institution licensed by Nepal Rastra Bank with its head office at Itahari, Sunsari. Swadeshi Laghubitta, at current, has a paid-up capital of Rs 27.60 crores.
Sir/ Maam when will starts its trading in the Nepse? why NIC asia laghubitta stopped trading? I am a poor farmer from the remote village, One of a Broker DALAL told me to buy Its share & Get more profit, After that I went to the bank for Loan dositing my Got the bank loan @12,50%. then I purchased NICLBSL Share from the market,NOW Its trading has been Halt since 3 month. But bank loan amount is increasing in multiple by the additional of loan intrest.My home is in Auction. is here any Institution/NEPSE?SEBON? NICASBSL,Bank/ Government to save my house from Auction? Or any XATIPURTI arrengment from the concerned??? Please, I am awaiting here with an Eye to get help from helping Hands.
We are sorry to hear about this. The trading of shares will start after the finalization of swap ratio.
How many month/year will take time to finalize the Swap Ratio aprox.? please, Is it a similar like Covid 19 Positive /Negetive Swap Testing?….
Any new update on NICLBSL??
The shares will be merged and then it will be tradable on Nepse. To all of those wondering don’t be alarmed it will soon be tradable and youll be able to sell/buy
I got 28 kitta shares of swadeshi laghu bitta (sdesi) and 10 kitta shares of NIC Asia laghu bitta (niclbsl). These two institutions are merged. Now my shares remain 36 only. It should be 28+10=28 . What is its swap ratio ? Why I lost my 2 kitta shares.
Mero pani sdesi ko 28 kitta thyo niclbsl ko 26 matra aayo. 2 Kitta kata gayo? 1:1 merge haina ra?
Mero pani sdesi ko 28 kitta thyo niclbsl ko 26 matra aayo. 2 Kitta kata gayo? 1:1 merge haina ra?