After The Successful Merger of Nerude Laghubitta And Mirmire Laghubitta to Commence Joint Transaction from Falgun 30

Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB), a licensed financial institution of the "D" category from Nepal Rastra Bank have completed the final merger procedure.

By the letter from the NRB, SEBON, and the Office of the Registrar of Companies, the merger has also gained final permission. The Memorandum of Understanding (MoU) agreement had been signed between the two companies on Poush 11, 2079. Earlier, both companies had called their respective SGM to endorse a share swap ratio of 1: 1 for the merger.

"Nerude Mirmire Laghubitta Bittiya Sanstha Limited" has been agreed upon as the name of the new company that will be formed as a result of the merger and the integrated business will be carried out from 30th Falgun.

However, given that the integrated business is scheduled to commence on Falgun 30th, it is important to note that all services from both companies will be temporarily suspended on Falgun 29th to facilitate the smooth transition of data.

The current paid-up capital of NLBBL and MMFDB is Rs. 73.20 Crores and Rs. 66.57 Crores, respectively.

After the acquisition, the location of the central office of 'Nerude Mirmire Laghubitta Bittiya Sanstha Limited' will remain at Banepa-8, Kavrepalanchowk.

NLBBL closed at Rs. 520.00 and MMFDB closed at Rs. 522.00.

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