After The Successful Merger of SabaikoLaghubitta And Sadhana Laghubitta to Commence Joint Transaction from Ashadh 30
Mon, Jul 8, 2024 11:43 AM on Latest, Merger/Acquistion,
Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) and Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL), 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 Bhadra 15, 2080.
"Sampada 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 Ashadh, 2081.
However, given that the integrated business is scheduled to commence on Ashadh 30th, it is important to note that all services from both companies will be temporarily suspended on Ashadh 29th to facilitate the smooth transition of data.
SABSL's current paid-up capital stands at Rs. 31.86 crores, while SDLBSL's paid-up capital is Rs. 38.22 crores.
After the acquisition, the location of the central office of 'Sampada Laghubitta Bittiya Sanstha Limited' will remain at Bandipur-1, Dumre, Tanahun.
SDLBSL closed at Rs. 1,055.00 and SABSL closed at Rs. 984.90.
