Nerude Laghubitta and Mirmire Laghubitta Sings MoU for Merger; Share Trading of Basic Shareholders Halted

Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has signed a Memorandum of Understanding (MoU) for merger.

On Monday, Poush 11, the chairman of both organizations signed a memorandum of understanding for merger.

The current paid-up capital of NLBBL is Rs. 60 Crores whereas the same of MMFDB is Rs. 53.12 Crores as of the first quarter report of Fiscal Year 2079/80. Likewise, after the joint integration transactions the total piad-up capital of the company will be Rs. 1.13 Arba. As of writing, the last trading price of the NLBBL and MMFDB is Rs. 880 and Rs. 954, respectively. Also, the share trading of basic shareholders has been halted because of the merger process.

Nerude Laghubitta declared a 23.1579% dividend for FY 2078/79, whereas Mirmire Laghubitta proposed a 23% Bonus dividend.