Mahila Sahayatra Laghubitta (MSMBS) signs Acquisition Agreement with National Microfinance Laghubitta (NMFBS); Trading of Former Company Now Halted

Mahila Sahayatra Laghubitta Bittiya Sanstha Limited (MSMBS) has signed an acquisition agreement with National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) in which the former will be acquired by the latter.

The 123rd meeting of the board of directors of Mahila Sahayatra Laghubitta held on Magh 08 gave a final nod on the decision. The trading of shares of Mahila Sahayatra Laghubitta (MSMBS) is now halted till the completion of the acquisition process.

While MSMBS has an LTP of Rs. 1,259, NMFBS has an LTP of Rs. 2,690. Just yesterday, MSMBS proposed a 10.53% dividend for the fiscal year 2076/77. The meeting of the board of directors has proposed a 10% bonus shares and 0.53% cash dividend from the paid-up capital for the fiscal year 2076/77. The paid-up capital of the company is Rs. 13,31,00,000. Thus, the bonus shares amounting to Rs. 1,33,10,000 and cash dividend amounting to Rs. 7,00,526 will be distributed. The cash dividend will be used as a tax levied on dividend distribution.