BPW Laghubitta To Merge With Samudayik Laghubitta | AGM To Be Held On Ashad 26
June 19, 2023 | Investopaper
BPW Laghubitta Bittiya Sanstha Limited is going to merge with Samudayik Laghubitta Bittiya Santha Limited (SLBSL). For this purpose, the company has called its Annual General Meeting (AGM) on Ashad 26, 2080 BS. After the approval for merger from the AGM, the companies will sign the final agreement.
Earlier, the preliminary agreement for merger was inked on Poush 1, 2079 BS [December 16, 2022].
After the merger agreement, the trading of shares of basic shareholders has remained halted in Nepal Stock Exchange (NEPSE).
At present, the shares of Samudayik Laghubitta and BPW Laghubitta are listed and traded on NEPSE. SLBSL last traded at Rs. 906 per share (As of Ashad 3, 2080 BS). Likewise, BPW last traded at Rs. 621.7 per share.
As of Chaitra’s end 2079 BS, Samudayik Laghubitta has a paid-up capital of Rs. 13.20 crores while BPW Laghubitta has a paid-up capital of Rs. 3 crores.
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