Share Trading of Jalpa Samudayik and Kisan Laghubitta Suspended for Joint Integrated Transaction

The share transaction of Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) and Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) has been halted in preparation for their joint integrated transaction. This step follows the completion of the final merger procedure between the two companies, which recently received approval from Nepal Rastra Bank (NRB).

In accordance with Section 9 (2) of the Merger and Acquisition Directive 2079, the Nepal Stock Exchange (NEPSE) has issued a circular to suspend the share transactions of JALPA and KLBSL. The merger agreement stipulates a swap ratio of 1:0.8834, with the new entity to be named "Matrubhoomi Laghubitta Bittiya Sanstha Limited." The joint business operations are set to commence on Ashad 27, 2081.

Currently, JALPA has a paid-up capital of Rs. 18.28 crores, while KLBSL's paid-up capital is Rs. 50.43 crores. Following the merger, the combined paid-up capital will be recalculated to Rs. 62.82 crores, reflecting the agreed swap ratio.