Samudayik Laghubitta (SLBSL) and BPW Laghubitta (BPW) Signs MoU for Merger; Share Trading of Basic Shareholders of SLBSL Suspended

The signing of the preliminary Memorandum of Understanding (MOU) for merger and acquisition purposes between the Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) and BPW Laghubitta Bittiya Sanstha Limited (BPW) has been completed.

In connection with the above, informing about the signing of the initial memorandum of understanding (MOU) between SLBSL and BPW for the purpose of the merger has been completed and the share transaction of the basic shareholders of SLBSL is suspended as per the rules.

Recently, the Securities Exchange Board of Nepal (SEBON) added the IPO issue of BPW under preliminary review in the latest list of IPO pipeline status published.

The microfinance company is proposing to come out with an IPO of 97,000 equity shares with a face value of NPR 100 each, at par to raise capital worth Rs. 97 Lakhs to the general public.

On the other hand, SLBSL is a listed company with a paid-up capital of Rs. 13.20 Crores and the last trading price (LTP) of the company as of December 15 is Rs. 1195