SEBON Receives Letter From Sana Kisan Bikas Laghubitta and RMDC Laghubitta For Merger Approval

In order to get approval for the merger, Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC) submitted a letter to the Securities Board of Nepal (SEBON).

As per the notice published in NEPSE, SEBON received the letter dated on Jestha 30 for approval regarding the merger between the two microfinance companies.

The microfinance companies signed the final merger agreement with each other 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.