NEPSE Resumes Share Trading of Summit Laghubitta (SMFDB) and Sanima Life Insurance (SLI)

Nepal Stock Exchange (NEPSE) has issued a circular stating that the trading of securities for the Summit Laghubitta Bittiya Sanstha Limited (SMFDB) and Sanima Life Insurance Company Limited (SLI) has opened to the general public, except for Basic shareholders of both companies.

National Microfinance signed a merger agreement with Summit Laghubitta on Ashoj 26, 2079. The share swap ratio of 100: 82 has been fixed i.e. for every 100 units of Summit’s shares, the shareholders will get 82-unit shares of National Microfinance. Likewise, the last trading price (LTP) of SMFDB as of October 12 is Rs. 963.90.

On the other hand, an agreement has been reached between SLI and Reliance Life Insurance (RLI) companies to merge in a ratio of 1:1. After the merger agreement was reached between the two companies, Nepse also suspended its share trading from Ashad 29 and the last transaction price of SLI is Rs. 345.90.