After Successful Acquisition of Adarsha Laghubitta, Deprosc Laghubitta to Commence Joint Transaction from Ashad 01
Tue, May 30, 2023 10:18 AM on Latest, Merger/Acquistion,
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) and Adarsha Laghubitta Bittiya Sanstha Limited (ADLB), a licensed financial institution of the "D" category from Nepal Rastra Bank have completed the final acquisition procedure.
The final agreement regarding acquiring Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) by Deprosc Laghubitta (DDBL) had been signed by the companies on 13th Chaitra 2079. According to the special resolution passed by the AGMs of both companies held separately on 30th Falgun, 2079 endorsed the swap ratio of 1:1, the acquisition has also been approved by Nepal Rastra Bank on Jestha 03, 2079.
"Deprosc Laghubitta Bittiya Sanstha Limited" has been agreed upon as the name of the new company that will be formed as a result of the acquisition and the integrated business will be carried out from Ashad 01. The companies signed the Memorandum of Understanding (MoU) on Ashwin 23, 2079.
The paid-up capital of DDBL at present is Rs. 1.52 Arba. Meanwhile, the paid-up capital of ADLB is Rs. 2.48 Crores. The total paid-up capital will reach Rs. 1.55 Arba after the acquisition.
DDBL and ADLB also endorsed dividends of 21.052632% and 21.05% respectively for the Fiscal Year 2078/79.
After the acquisition, the location of the central office of 'Deprosc Laghubitta Bittiya Sanstha Limited' will remain the same at Chitwan District, Bharatpur Metropolitan City Ward 10, Bharatpur.
