September 3, 2023 | Investopaper
Sadhana Laghubitta Bittiya Santha Limited (SDLBSL) is going to merger with Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL).
The preliminary agreement for merger has been signed between the two companies on Bhadra 15, 2080 BS [September 1, 2023]. The chairman of both microfinance companies signed the agreement for merger/acquisition.
After the merger agreement, the companies have requested Nepal Stock Exchange to halt the trading of shares of principal shareholders.
As of Ashad’s end 2080 BS, Sadhana Laghubitta has a paid-up capital of Rs. 38.22 crores while Sabaiko Laghubitta has a paid-up capital of Rs. 31.86 crores.