After Successful Acquisition of Asha Laghubitta, Rastra Utthan Laghubitta to Commence Joint Transaction from Ashad 31

Asha Laghubitta Bittiya Sanstha Limited (ALBSL) and Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB), a licensed financial institution of the "D" category from Nepal Rastra Bank have completed the final acquisition procedure.

In accordance with the letter from the NRB, SEBON, and the Office of the Registrar of Companies, the acquisition has also gained final permission. The Memorandum of Understanding (MoU) agreement had been signed between the two companies on Chaitra 29, 2079. Earlier, both companies had called their respective SGM to endorse a share swap ratio of 1: 1 for the acquisition.

"Asha 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 31st Ashad.

The current paid-up capital of RULB and ALBSL is Rs. 26 Crores and Rs. 38.16 Crores, respectively. Last year, RULB issued 8,50,000 units worth Rs 8.50 crore as Initial Public Offering to the general public. Also, ALBSL distributed a 5% dividend for the fiscal year 2078/79.

After the acquisition, the location of the central office of 'Asha Laghubitta Bittiya Sanstha Limited' will remain at Banepa, Kavrepalanchowk.

Notice