Manakamana Smart Laghubitta To Be Acquired by Samata Gharelu Laghubitta

Nepal Stock Exchange (NEPSE) has issued an official circulation regarding the acquisition between Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) and Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB).

Regarding the aforementioned, on Bhadra 07, 2080, Samata Gharelu Laghubitta, which has its registered (central) office at Banepa, and Manakamana Smart Laghubitta, which has its registered office in Rupandehi, signed the initial memorandum of understanding (MOU). Accordingly, it has been agreed that Manakamana Smart Laghubitta will be acquired by Samata Gharelu Laghubitta.

The current paid-up capital of SMATA and MKLB is Rs. 39.41 Crores and Rs. 14.84 Crores, respectively. Last year, SMATA distributed an 18% dividend while MKLB distributed a 5% dividend for the fiscal year 2078/79.

As of writing, the last trading price of SMATA and MKLB as of 23 August 2023 is Rs. 680 and Rs. 676, respectively.