Jalpa Samudayik Laghubitta & Kisan Laghubitta Signs Final Merger Agreement

The final merger agreement between Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) and Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) has been completed and approved, according to the official notice of the Nepal Stock Exchange (NEPSE).

The companies had signed a Memorandum of Understanding (MoU) for the merger, Chaitra 18, where the chairman of both organizations signed a memorandum of understanding for the merger.

The current paid-up capital of JALPA is Rs. 18.28 Crores whereas the same of KLBSL is Rs. 50.43 Crores. As per the swap ratio, the paid-up capital after the merger would be Rs 62.82 crore.

The swap ratio for the merger is fixed at 1: 0.8834.

As of writing, the last trading price of the JALPA and KLBSL is Rs. 1,165.00 and Rs. 840.00, respectively.