NEPSE halts trading of Nepal Seva Laghubitta (NSEWA); Company has signed merger agreement with another microfinance company
Wed, Dec 16, 2020 12:01 PM on Latest, Stock Market, Merger/Acquistion,
The trading of Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) has been halted in NEPSE.
NEPSE received the notice of merger agreement between Nepal Seva Laghubitta Bittiya Sanstha Limited (NSEWA) and WEAN Laghubitta Bittiya Sanstha Limited today, i.e. Poush 01. Thus, the trading of NSEWA is halted from today.
NSEWA closed at Rs. 831 per share yesterday. In the first quarter of the fiscal year 2077/78, the company reported a net profit of Rs. 16.77 lakhs. The net profit was a little over Rs. 11.95 lakhs in the corresponding quarter of the previous fiscal year. The paid-up capital of the company is Rs. 6.15 crores.
