Samaj Laghubitta and Swastik Laghubitta Terminate Merger Agreement

Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ) has terminated the merger agreement with Swastik Laghubitta Bittiya Sanstha Limited. The merger process has been terminated due to disagreement regarding the location of the central office after the merger.

Samaj Laghubitta (SAMAJ) and Swastik Laghubitta (SWSLBSL) signed an agreement of merger with each other on Ashwin 05, 2077. Samaj Laghubitta and Swastik Laghubitta had both called their respective SGM on Jestha 11 with the primary agenda to endorse the merger of the two microfinance companies. The Due Diligence Audit had determined a share swap ratio of 1: 1 for the merger.

2,00,000 unit IPO shares of Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ) have been listed in NEPSE but its shares haven't been traded. Samaj Laghubitta had issued 86,000 units worth Rs 86 lakh as Initial Public Offering to the general public.