For the Purpose of Joint Integrated Transaction, Share Trading of Samudayik Laghubitta And BPW Laghubitta To be Halted from Falgun 24

The final procedure for a merger between Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) and BPW Laghubitta Bittiya Sanstha Limited (BPW) has been recently completed. Hence, as per Section 9 (3) of the Merger and Acquisition Directive 2079, Act, the Nepal Stock Exchange (NEPSE) has issued a circular regarding the suspension of share transactions of the company by Section 9 (3) of the Directory 2079.

SLBSL and BPW had signed a merger deal at a swap ratio of 1:0.8535. As per the merger agreement, "Samudayik Laghubitta (SLBSL) and BPW Laghubitta (BPW)" have been agreed upon as the name of the new company that will be formed as a result of the merger. The companies will start the joint business on Falgun 24.

The paid-up capital of SLBSL at the present is Rs. 14.52 Crores. Meanwhile, the paid-up capital of BPW is Rs. 3 Crores.

As of writing, BPW and SLBSL have an LTP of Rs. 1,141.50 and Rs. 804.00 respectively.