Sana Kisan Bikas Laghubitta and RMDC Laghubitta to Merge to Form Strong Institution with Capital Base of Rs 7 Arba

Sana Kisan Bikas Laghubitta has inked a merger agreement with RMDC Laghubitta to form a joint entity Sana Kisan RMDC Laghubitta.

As per the agreement, Mr. Khem Bahadur Pathak will be the chairman of the interim board, Dr. Shivaram Prasad Koirala the CEO, and Mr. Jyoti Chandra Ojha the Deputy, as per the media statement. likewise, the board will have 22 promoters from both institutions, 11 public shareholders, and 1 independent promoter in the joint board, as per the media statement.

The share swap ratio is fixed at 100:87 between Sana Kisan and RMDC. Post-merger, the microfinance will have a capital base of Rs 7 arba, a total investment portfolio of Rs 43 arba, as per the media statement.

According to the notice published by NEPSE, Sana Kisan Bikas Laghubitta has signed an agreement with RMDC Laghubitta for merger, following which the trading of the both the companies have been halted in NEPSE from today (Ashwin 02, 2079). The agreement was signed on Bhadra 31, 2079. The LTP of SKBBL is Rs. 1,018 and that of RMDC is Rs. 834.