Sana Kisan Laghubitta Writes An Official Letter To NEPSE Regarding The Company's Proposal To Go For The Merger/Acquisition

Based on the letter received by Nepal Stock Exchange (NEPSE) on Ashad 28, Sana Kisan Laghubitta Bittiya Sanstha Limited (SKBBL), a leading micro finance institution has decided to go for the merger route to enhance its capital.

The following is a request for information from the meeting of the Board of Directors of the company.

• Enter into a merger/acquisition agreement and follow all related procedures in order to merge/acquire/or acquire the movable and immovable property and liabilities of SKBBL with the interested institutions.
• A merger committee shall be established in accordance with regulation 5 of the Merger/Acquisition regulations 2073 (including the 4th amendment, 2075) with the office bearers of the joint merger committee, and the decision will be approved. It was decided to present the proposal to the general assembly.

SKBBL was established on July 6, 2001, getting registered under the then Company Act. It has got a license as a "D" class national level wholesale lending microfinance institution from the Central Bank of Nepal in accordance with the Bank and Financial Institution Act(BAFIA). 

The present share capital of SKBBL is Rs. 1.56 Arba and the Last Transaction Price as of Ashad 28, is Rs. 1017.