Joint Transaction of Sana Kisan Bikas Laghubitta and RMDC Laghubitta to Start From Ashad 24

Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC), a licensed financial institution of the "D" category from Nepal Rastra Bank have completed the final merger procedure.

According to the special resolution passed by the AGMs of both companies held separately on 10th Chaitra, 2079 endorsed the swap ratio of 1:0.87. As a result, investors who now own 100 shares of RMDC Microfinance would receive 87 shares of the merged company. Likewise, in accordance with the letter from the NRB, SEBON, and the Office of the Registrar of Companies, the merger has also gained final permission.

"Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited" has been agreed upon as the name of the new company that will be formed as a result of the merger and the integrated business will be carried out from 24th Ashad, 2080. The companies signed the Memorandum of Understanding (MoU) on Bhadra 31, 2079.

The current paid-up capital of SKBBL is Rs. 1.97 Arba and that of RMDC is Rs. 1.56 Arba. The total paid-up capital will reach Rs. 3.33 Arba after the merger.

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