Joint Trading of Kisan Laghubitta and Jalpa Samudayik Laghubitta Shares Transactions Suspended

In a significant development, Kisan Laghubitta Bittiya Sanstha Limited (KLBSL), listed on the Stock Exchange Limited, has been successfully merged with Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA). According to a letter dated 2081/03/10 from Jalpa Samudayik Laghubitta Bittiya Sanstha Limited and Kisan Laghubitta Bittiya Sanstha Limited, the merger process has been completed, effective from today i.e. 2081/03/27.

The merger follows the receipt of a letter of intent to commence consolidation under the name of the financial institution limited. As per the Directive on Merger and Acquisition of Securities Registered Institutions, Section 9(3) of 2079, the transaction was carried out following regulatory provisions.

The merger agreement stipulates a swap ratio of 1:0.8834, with the new entity to be named "Matribhumi Laghubitta Bittiya Sanstha Limited."

As of writing KLBSL closed at Rs. 1,070.00 and JALPA closed at Rs. 1,442.10.