Final Merger Procedure Between Sana Kisan Bikas and RMDC Laghubitta Completed; Swap Ratio Finalized at 1:0.87

The final merger procedure between Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC) has been completed.  The merger agreement between the companies was signed on Bhadra 31, 2079.

Likewise, the share swap ratio between Sana Kisan and RMDC has been finalized at 1:0.87. As a result, investors who now own 100 shares of RMDC Microfinance would receive 87 shares of the merged company.

Likewise, it has been agreed to appoint 2-2 people from the promoter group of both institutions, 1-1 individual from the general group, and 1 individual as expert director, according to the provisions of the Bank and Financial Institutions Act, 2073.

It is also mentioned in the memorandum of understanding that the name of the integrated financial institution after the completion of the merger will be 'Sana Kisan RMDC Laghubitta Bittiya Sanstha Limited'.

Also, RMDC proposed 26% bonus shares worth Rs 32.26 crores and 1.3684% cash dividend (including tax) worth Rs 1.69 crore on the paid-up capital of Rs. 1.24 Arba for the fiscal year 2078/79. In contrast, SKBBL proposed 26% bonus shares worth Rs. 40.67 crores and 1.368% cash dividend (for tax purposes) worth slightly over Rs. 2.14 crores on the paid-up capital of Rs. 1.56 Arba.