Jalpa Samudayik Laghubitta and Kisan Laghubitta Receive Final Approval From NRB for Merger

Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) and Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) have officially received final approval for their merger from Nepal Rastra Bank (NRB).

According to a notice published on NEPSE, the NRB issued a letter dated Jestha 29 granting final approval for the merger between the two microfinance institutions.

JALPA and KLBSL had initially signed a Memorandum of Understanding (MoU) for the merger on Shrawan 9, 2079. JALPA's total paid-up capital stands at Rs. 18.28 crores, while KLBSL's paid-up capital is Rs. 50.43 crores. With the swap ratio of 1:0.8834, the combined paid-up capital post-merger will indeed be recalculated to Rs. 62.82 crores.

Currently, the Last Traded Price (LTP) of JALPA is Rs. 1,452 and that of KLBSL is Rs. 992.