Due to the Acquisition Agreement, Trading of the Securities of Adarsha Laghubitta is Suspended

Due to the acquisition agreement, trading of the Securities of Adarsha Laghubitta Bittiya Sansthan Limited (ADLB) is suspended.

Deprosc Laghubitta, situated in Bharatpur, and Adarsha Laghubitta, based in Banepa, have signed an acquisition agreement in order to create a stronger and more stable microfinance institution.

In relation to the above, ADLB has requested Nepal Stock Exchange (NEPSE) to stop the share trading of the company.

Also, for that purpose, the company requests a letter of suspension of share transactions from NEPSE.

Adarsha Laghubitta Bittiya Sanstha Limited is a “D” class Province Level microfinance institution with the approval of operation in only Bagmati Province through 13 districts. It was incorporated on May 23, 2018, and commenced operations in January 2019.

Likewise, the company had recently issued it’s Initial Public Offering (IPO) i.e 67,000 unit shares worth Rs. 67 lakhs at a par value of Rs. 100 per share to the general public. Hence, the paid-up capital of the company after the IPO issuance is Rs. 2.07 crore.