Sana Kisan Bikas and RMDC Laghubitta Receive Final Approval From NRB for Merger
Fri, Jun 9, 2023 9:34 AM on Latest, Merger/Acquistion,
Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC) have received final approval from Nepal Rastra Bank (NRB) for merger.
Issuing a press release SKBBL informed that the BFI regulatory body NRB has provided final approval to the two microfinance companies.
Earlier, the merger agreement between the companies had been signed on Bhadra 31, 2079.
Likewise, the share swap ratio between Sana Kisan and RMDC had been finalized at 1:0.87. As a result, investors who now own 100 shares of RMDC Microfinance would receive 87 shares of the merged company.
The current paid-up capital of SKBBL is Rs. 1.97 Arba and that of RMDC is Rs. 1.56 Arba.
