After Successful Merger/ Acquisition, Shares of Asha Laghubitta, Vijaya Laghubitta and Sana Kisan Bikas Laghubitta Listed in NEPSE

Sun, Aug 6, 2023 6:11 PM on Latest, Share Listed, Merger/Acquistion,

26,00,000 additional shares of Asha Laghubitta Bittiya Sanstha Limited (ALBSL) have been listed in NEPSE after a successful acquisition of Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) by Asha Laghubitta.

Asha Laghubitta had acquired RULB with a swap ratio of 1:1. Both companies signed MoU for acquisition on Chaitra 29, 2079. RULB's total listed shares were 26,00,000 units and that of ALBSL was 38,16,161 units making it a total of 64,16,161 unit shares or Rs 64.16 Crores paid-up capital after the acquisition.

After a successful acquisition of RULB, Asha Laghubitta commenced the joint transaction in the name of "Asha Laghubitta Bittiya Sanstha Limited" on 31st Ashad, 2080. Therefore the listed shares will start trading under the symbol "ALBSL."

Similarly, 74,50,404 shares of Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) after a successful merger between Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB) and Vijaya Laghubitta have been listed in NEPSE.

VLBS and NSLB signed the merger agreement with each other on 26th Mangsir, 2079. The company had signed a merger deal at a swap ratio of 1:1. The share capital of VLBS was Rs. 38.4 Crores and that of NSLB was Rs. 36.1 Crores before the merger. The total paid-up capital has reached Rs. 74.5 Crores after the merger.

After a successful merger, VLBS and NSLB commenced the joint transaction in the name of "Vijaya Laghubitta Bittiya Sanstha Limited (VLBS)" on 31st Ashad, 2080. The open price range is set as Rs. 703.55 for the first transactions.

Likewise, 3,33,16,183 shares of Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) after a successful merger between SKBBL and RMDC Laghubitta Bittiya Sanstha Limited (RMDC) have also been listed in NEPSE.

SKBBL and RMDC signed the merger agreement with each other on Bhadra 31, 2079. The company had signed a merger deal at a swap ratio of 1:0.87. As a result, investors who now own 100 shares of RMDC Microfinance would receive 87 shares of the merged company. The share capital of SKBBL and RMDC before the merger was Rs. 1.97 Arba and Rs. 1.56 Arba, which reached Rs. 3.33 Arba after the merger.

After a successful merger, SKBBL and RMDC commenced the joint transaction in the name of "Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited" on 24th Ashad, 2080. The open price range is set as Rs. 848.36 for the first transactions.