BPW Laghubitta and Samudayik Laghubitta Receive Final Approval From NRB for Merger

BPW Laghubitta Bittiya Sanstha Limited (BPW) and Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) have received final approval from Nepal Rastra Bank (NRB) for the merger.

As per the notice published in NEPSE, the letter issued by NRB dated Magh 24 has provided final approval for a merger between the two microfinance companies.

Both companies had signed an MoU for the merger on Poush 3, 2079. BPW has 3 lakh units of its IPO shares listed and SLBSL has 14.52 lakh units of its shares listed on the Nepal Stock Exchange (NEPSE). Therefore, the total paid-up capital of BPW is Rs. 3 Crores whereas the same of SLBSL is Rs. 14.52 Crores.

The swap ratio for the merger is fixed at 1: 0.8535.

As of writing, BPW and SLBSL have an LTP of Rs. 1,425.00 and Rs. 823.00 respectively.